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By Tom Fairless, The Wall Street Journal
European Union regulators will explain Friday why they think Amazon.com Inc. in Luxembourg violated EU law. The move by the European Commission, the bloc’s top antitrust regulator, marks the latest phase of a high-profile investigation into alleged sweetheart tax deals that has already ensnared Apple Inc., Fiat SpA and Starbucks Corp. and could run much wider. The investigation is part of a broader European clampdown on tax avoidance by multinationals that has been estimated to cost the bloc up to EUR70 billion ($82.5 billion) annually in lost revenue. Governments are under pressure to bolster revenues and address concerns that large international groups have an unfair advantage over local firms.
The...
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