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2017.03.2403:10:00UTC+00Amazon wins $1.5 billion tax dispute with IRS

Amazon.com Inc. has won the $1.5 billion tax fight against the Internal Revenue Services over transaction involving a Luxembourg subsidiary more than a decade ago.

U.S. Tax Court Judge Albert Lauber rejected IRS arguments and said it abused its discretion on several occasions.

The ultimate tax liability of the online retailer was not clear.

Parties involved did not respond to comment on the matter.

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