AMZN Stock Down 1%, Amazon Wins Appeal against EU, Commission Could Not Prove Illegal Tax Advantage

Amazon shares have seen a steady decline. AMZN stock has dropped more than 1% year-to-date and declined 1.17% in the last three months. E-commerce company Amazon.com Inc (NASDAQ: AMZN) has eventually won the legal battle against the European Commission (EU) regarding the payback of $303 million in taxes. Now, Amazon will not be paying back the taxes to Luxembourg as the EU had previously ordered.