Amazon tax structure 'is like a Bond movie'

The tax structure is called 'Project Goldcrest'

Amazon hit back at the commission, calling its appeal 'flawed' and without merit. 

Efforts by Amazon to minimise its taxes in the EU were given a code-name evocative of a spy thriller with agent 007, according to an EU lawyer, who claimed the arrangements broke state-aid rules in the eurozone.

“Project Goldcrest — it sounds like the title of a James Bond movie, but it is not,” it’s the name “Amazon gave to a complex tax construction by which it fundamentally reorganised its global business,” European Commission attorney Paul-John Loewenthal told a court hearing.