Current Affairs Telugu Daily

French government filed case against Amazon for violation of rules
The French finance ministry said it has brought a court case against Amazon for abuse of its dominant position in the marketplace, the retail giant's third-party vendor platform. The ministry said there is "a significant imbalance" in business relations between Amazon and vendors selling products on its platform, saying it was seeking a fine against Amazon of around 10 million euros ($11.8 million). The unit found several clauses it believes to be illegal in agreements with third-party vendors on Amazon's French marketplace platform which is consulted by some 3.6 million people daily.
Other nations and Amazon :
Amazon has recently been investigated for possible tax evasion in Italy, a case it settled with the promise of a 100-million- euro payment last week.  Luxembourg meanwhile is appealing against an EU order to recoup 250 million euros in back taxes from Amazon.
Fact sheet:
Founder: Jeff Bezos
Founded on: 05 July 1994
Headquarters: Seattle, Washington, USA

views: 831

June Month Telugu Current Affairs e-Magazine

Current affairs for TSPSC, APPSC (group-1, group-2, ....etc), UPSC, BSRB, RRB and all other competitive exams