Amazon has secured a major legal victory as the European Union's top court ruled in favour of the tech giant. The court stated that it does not have to pay $273 million in back taxes to Luxembourg. This decision comes as a blow to EU antitrust Chief Margrethe Vestager's efforts to crack down on preferential tax deals for multinational corporations.

Amazon's tax deal with Luxembourg deemed legal | World Business Watch

After raising doubts on U.S. Treasury Secretary Janet Yellen's G-7 deal to impose a global minimum corporate tax and allow more countries to tax big multinational firms, several top Senate Republicans have rejected the deal.

US Republicans to oppose G7 tax deal

Chinese national with fake Indian passport involved in money laundering

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