natgillin/translations-raw huggingface dataset:
Баланс и отчет за доходите на LuxSCS
Acquisition risks, including the ability to timely and successfully incorporate any acquired technology successfully.
Баланс на LuxSCS
The second amendment, signed in February 2014 and effective as of 1 January 2014, changed the method to determine the share of the Development Costs to be borne by LuxSCS under the CSA.
КАПИТАЛ
As a result, LuxSCS's cost share percentage is determined by the proportion of Amazon's gross profit attributable to Europe to the global group's gross profit in a given year.
Записан капитал
Other costs incurred by LuxSCS in relation to the Intangibles
Премии от емисии на акции
As regards marketing intangibles used by LuxOpCo in Amazon's European retail business, Amazon explained that they ‘included rights to Amazon's local European marketing intangibles and global marketing intangibles. LuxSCS incurred marketing expenses in two ways. First, it either directly or indirectly reimbursed marketing expenses incurred by the European operating companies. Second, the cost sharing payments included an allocation of marketing expenses associated with the development of global marketing intangibles, which LuxSCS had the right to exploit in Europe.
[500000—600000]
With respect to the first set of marketing costs, LuxSCS did not distinguish between expenses that benefitted the global marketing intangibles and those that benefitted only local marketing intangibles, as all such expenses were to be incurred by LuxSCS’.
Преоценъчен резерв
However, following a clarification request from the Commission, Amazon clarified that ‘[t]he financial accounts [of LuxSCS] do not contain an item directly reflecting the reimbursement of marketing expenses. Rather […] the reimbursement of marketing expenses occurs through a reductions of the royalty amounts paid to LuxSCS, but such reduction is otherwise not directly identifiable in the financial accounts’.
Печалба (загуба) за бъдещи периоди и за финансовата година
Information on the US Tax Court proceedings
[1500000 — 2000000]
In November 2012, the United States tax administration (Internal Revenue Service, ‘IRS’) issued a Statutory Notice of Deficiency to Amazon in the US concerning a deficiency in the United States federal income taxes for Amazon's 2005 and 2006 tax years.
ЗАДЪЛЖЕНИЯ
In particular, the IRS contested the value at which the pre-existing intangibles were transferred, namely the Buy-In Payments made by LuxSCS to ATI, and the amount of Development Costs paid by LuxSCS under the CSA.
[100000—200000]
Subsequently, a litigation procedure between Amazon and the IRS was initiated before the US Tax Court.
[1000—10000]
In addition to the trial held before the US Tax Court, the IRS issued summons and took depositions under oath from numerous Amazon employees.
[2000000—2500000]
More specifically, in its US income tax returns Amazon reported the Buy-In Payments received from LuxSCS under the Buy-In Agreement to receive the right to use pre-existing IP (the ‘Buy-In’) of around USD 217 million and CSA Payments received from LuxSCS under the CSA of around USD 116 million in 2005 and USD 77 million in 2006.
АКТИВИ
The IRS contested both the amount of the Buy-In Payments and the CSA Payments.
Дялове в свързаните предприятия
Based on an expert report dated 2011, the IRS considered USD 3,6 billion to be the correct amount of Buy-In Payments for the IP.
Нематериални активи (придобити) и репутация
This amount was adjusted to USD 3,468 billion by the IRS in the course of the court proceedings.
[90000—100000]
The IRS expert used the discounted cash-flow method applied to the expected cash flows from the European business to arrive at that value.
Суми, дължими от свързаните дружества
The assumptions on which that valuation was based deviated significantly from those of Amazon.
Други изискуеми задължения и парични средства
In particular, the IRS experts considered Amazon's IP to have unlimited useful life, while Amazon considered it short-lived.
[300—400]
As regards the CSA Payments, the IRS considered that 100 % of costs captured in the ‘Technology and Content’ cost centre should have been included in the pool of costs to be shared under the CSA.
Доходи на LuxSCS
On 23 March 2017, the US Tax Court issued its opinion in which it rejected practically all of the IRS's corrections.
ПРИХОДИ
In particular, the US Tax Court rejected the IRS's valuation and recognized that the useful life of Amazon's Intangibles was limited.
[500000 — 600000]
The US Tax Court also found that the IRS was not in compliance with the Income Tax Regulations, which require restricting the valuation of the IP to the assets already existing at the time of the Buy-In Agreement and using recognised valuation methods.
Вземания по лихви и други подобни доходи
The US Tax Court accepted Amazon's reasoning that the costs recorded internally under the ‘Technology and Content’ cost centre are not entirely Development Costs.
[40000 — 50000]
Instead, they are mixed costs, because they also contain a substantial part of costs not related to IP-development activities.
РАЗХОДИ
In conclusion, the US Tax Court found that the adjustments to the Buy-in and CSA Payments required by the IRS were arbitrary and unreasonable and the methods used by the IRS to determine those adjustments were not appropriate.
Други разходи и други оперативни разходи
At the same time, the US Tax Court confirmed, with certain adjustments, Amazon's method of valuing the Buy-in and of attributing of ‘Technology and Content’ costs to the pool of costs to be shared as appropriate.
[400000 — 500000]
In the context of determining the correct Buy-In Payments, the US Tax Court observed that Amazon and the IRS agreed that the comparable uncontrolled transaction (CUT) method can be applied and that the M.com Agreement which Amazon concluded with [A] is the most comparable transaction to the licencing of pre-existing Amazon IP from Amazon US to LuxSCS.
Корекции на стойността
Nevertheless, the US Tax Court acknowledged that under the [A] Agreement Amazon provided a variety of ancillary services to [A], which Amazon US did not provide to LuxSCS.
[20000 — 30000]
Furthermore, it observed that the pricing in the agreement was set in a ‘holistic’ manner, without attributing specific remuneration to the provision of each individual service or IP.
Задължения по лихви и други подобни разходи
That was an obstacle to relying on a headline commission rate of the [A] Agreement as a benchmark for the royalty rate for the IP made available by Amazon US to LuxSCS.
Печалба за финансовата година
A detailed economic review of the [A] Agreement was available only for the July 2006 amendment of the [A] Agreement.
[100000 — 200000]
Due to an incomplete documentary record of the [A] Agreement, the remaining 15 M.com Agreements, together with the underlying detailed economic analysis of the fee structure, if available, were reviewed to arrive at a base royalty rate for the technology of [3-3,5] % on sales.
В таблица 10 е представена разбивка на „Други разходи и други оперативни разходи“, понесени от LuxSCS през разглеждания период.
It was further observed that [description of the correlation between commission rate and sales volume], a downward volume adjustment was applied to arrive at a royalty rate for the technology of [3-3,5] %.
Таблица 10
The royalty rate for the pre-existing Amazon's marketing Intangibles was further estimated to be at [1-1,5] % on the basis of a comparison with four license agreements between third parties unrelated to Amazon.
Други разходи и други оперативни разходи, понесени от LuxSCS за периода 2006—2013 г.
The arm's length Buy-In Payment for the customer information was estimated at USD [100-200] million.
Описание
To better understand the functions of LuxSCS and its subsidiaries in Europe in relation to the development, enhancement, management, and exploitation of the Intangibles, the Commission requested information produced in the context of the US Tax Court proceedings regarding the payments made by LuxSCS under the Buy-In Agreement and the CSA.
Контрагент
Amazon submitted all information used and produced for the litigation before the US Tax Court to the Commission.
Счетоводни такси
Buy-in payments for other IP rights acquired by LuxSCS
Външен
During the relevant period, LuxSCS received IP from affiliated companies and third parties at several instances which it, however, never acquired at its own initiative.
Банкови такси
In some instances, a company holding an IP or an IP itself was acquired by Amazon.com, Inc. and the IP was transferred by Amazon.com, Inc. to Amazon Technologies, Inc.
Разходи за кореспонденция
Such IP was comprised by the CSA which included all IP transferred or assigned to ATI by a third party and the costs of such acquisitions would be included in the cost pool as buy-in payments.
Лицензи на домейни
As a result, a number of buy-in payments made by LuxSCS for IP are not supported by a specific agreement, but are payments made with reference to the CSA.
Правни разходи — общи оперативни разходи
Examples include buy-in payments for [acquisition U and R] and [acquisition T].
Външни услуги
In other instances, the company holding the IP was acquired by another Amazon entity and its IP then transferred to ATI.
Друга печалба/загуба
This was the case when LuxOpCo acquired the [acquisition Q] group which held IP consisting not only of digital content rights, but also some technology.
Други
The technology component of the [acquisition Q] IP was sold to ATI, which then contributed it to the CSA in return for a buy-in payment from LuxSCS.
Вътрешногрупово — продажба на материални запаси
Initially, all buy-in payments were included in the expenses of the financial year.
Плащания за изкупуване
In 2011, LuxSCS started capitalising some acquisitions, either by recording them as an intangible asset (e.g. [acquisition Q], [acquisition T] in 2011, [acquisition U] in 2012) or as fixed asset (e.g. [acquisition V] in 2013).
Amazon Technologies, A9.com и Audible
Written resolutions of LuxSCS's sole manager of and minutes of LuxSCS general meetings
[1000 — 10000]
Amazon confirmed that the Amazon group employees involved in developing and maintaining the Intangibles are neither employed by LuxSCS nor by any entities that participate in LuxSCS.
Споразумение за поделяне на разходите
To better understand the activities undertaken by LuxSCS, the Commission requested Amazon to provide the written resolutions of the management of LuxSCS as well as minutes from general meetings of LuxSCS.
Както е видно от таблица 10, външните разходи, понесени от LuxSCS, са основно вътрешногрупови разходи по споразумението за изкупуване и СПР.
A summary of the written resolutions of the sole manager of LuxSCS (i.e. Amazon Europe Holding, Inc.) and the minutes from general meetings between the partners of LuxSCS during the period 2004-2013 is reproduced in Table 14.
В допълнение към плащанията за изкупуване, посочени в таблица 11, и годишните плащания по СПР, посочени в таблица 12, LuxSCS е извършило и други плащания за изкупуване, дължими за определени придобивания на права върху ИС на трети страни от Amazon САЩ, което след това преотстъпва тези права върху ИС под лиценз на LuxSCS по силата на СПР.
Table 14
Тези разходи, заедно с плащанията за изкупуване и плащанията по СПР, са наречени „разходи за изкупуване и разходи по СПР“.
Minutes of SCS from 2004 -2013
LuxSCS е понесло също така разходи, свързани с вътрешногруповата продажба на материални запаси вследствие на преструктурирането на европейските дейности на Amazon през 2006 г.
Date
Накрая, LuxSCS е понесло външни разходи, свързани с лицензи за домейни, правни, счетоводни и банкови такси.
Type of decision
Както е видно също така от таблица 10, понесените от LuxSCS разходи не включват никакво префактуриране на разходи, понесени от LuxOpCo за целите на разработването, усъвършенстването и управлението на нематериалните активи, нито префактуриране на разходите, понесени от LuxOpCo във връзка с експлоатацията на дейността по търговия на дребно или услуги онлайн в Съюза, като несъбираеми кредити, обезценяване на материалните запаси, маркетингови разходи и т.н.
Summary
LuxSCS не е понесло също така никакви разходи за възнаграждение на едноличния управител.
Written resolution of the sole manager of LuxSCS ([…]as proxyholder)
Допълнителна информация за споразумението за изкупуване и СПР
Approving all necessary actions as regard the post-formation steps; Ratification of the opening of the bank account with [bank]; Approving entering into a domiciliation agreement with [service company]; Incorporation of LuxOpCo.
В замяна на нематериалните активи, получени по силата на споразумението за изкупуване, LuxSCS прие да извършва годишни плащания за изкупуване в полза на ATI.
Written resolution of the sole manager of LuxSCS ([…] as vice President)
През разглеждания период LuxSCS извърши следните плащания за изкупуване в полза на ATI (вж.
Ratification of two cost sharing agreements and a buy-in agreement; Adopting amendments to LuxSCS' articles of association, in order to resolve the adoption of certain specific rights of the shares on dividends and other distributions, and the adoption of specific share premium accounts; Increase of LuxSCS' share capital by way of an all assets and liabilities contribution to be undertaken by ACI Holdings Limited, a Gibraltar company (‘ACI’); Approving the appointment of […] as additional manager of LuxOpCo and an amendment of the corporate object of LuxOpCo; Assigning a note receivable to Amazon.com International Sales, Inc.; Granting a loan to LuxOpCo.
Таблица 11).
Minutes of extraordinary General Meeting ([…] as president, […] as secretary, […] as scrutineer)
Таблица 11
Adoption of new articles of association, in order to resolve the adoption of some specific rights of the shares on dividends and other distributions; Increase of share capital
Плащания за изкупуване
Transfer of the registered address of LuxSCS.
(В млн. евро)
Minutes of General Meeting ([…] as president, […] as secretary, […] as scrutineer)
Плащания за изкупуване (в щатски долари)
Waiver of notice of rights; Approval of the annual accounts as of 31 December 2004; Discharge of the sole manager, Amazon Europe Holding, Inc. for the financial year ending on 31 December 2004.
Плащания за изкупуване (равностойност в евро)
Written resolution of the sole manager of LuxSCS ([…] as vice president)
В замяна на правата върху нематериалните активи, получени по силата на СПР, LuxSCS е приело да покрие част от разходите за НИРД в рамките на програмата за разработки, т.е. „разходите за разработки“ (които включват и „разходите за разработки на подизпълнителя“).
Settlement of LuxSCS's accounts as of 31 December 2004 and resolution to submit such accounts to the LuxSCS's shareholders for approval; Discharge of the sole manager of LuxSCS for the accounting year ending on 31 December 2004.
Според Amazon тези разходи обхващат разходите, свързани с разработването на продуктите, технологията, обработката на поръчки и нематериални активи за маркетинг , както и общите и административните разходи, свързани с покупката на права върху ИС и понесени от A9 и ATI.
Written resolution of the sole manager of LuxSCS ([…] acting on behalf)
Частта от разходите за разработки, която е трябвало да покрие LuxSCS по силата на СПР, се е определяла от дела на оборота на Amazon, генериран в Европа, в световния оборот на цялата група за дадена година.
Adopting an increase of the share capital of LuxSCS by a contribution in kind of shares held by Amazon.com, Inc. in Amazon.fr Holdings SAS having a value of USD 1017240 in consideration of limited shares of LuxSCS; Approving the entering into one or more share transfer agreements in order to acquire 100 % off the shares of Amazon.co.uk Ltd and Amazon.de GmbH held by Amazon.com, Inc. and 95,8 % of the shares of Amazon.fr Holdings SAS held by Amazon.com, Inc., in consideration of a promissory note in principal amount of USD 194672760,00; Adoption of increase of the share capital by way of an all assets and liabilities contribution to be undertaken by ACI Holdings in consideration of limited shares of LuxSCS.
През 2012 г. например 28,6 % от световния оборот на Amazon е реализиран в Европа.
Minutes of the extraordinary General Meeting of LuxSCS ([…] as president, […] as secretary, […] as scrutineer)
Следователно 28,6 % от разходите за разработки на нематериални активи, понесени през 2012 г., са били разпределени на LuxSCS.
Increase of the share capital of LuxSCS; Resolution to accept the subscription and payment by Amazon.com, Inc. of new limited shares by way of a contribution in kind; Increase of the share capital of LuxSCS; Subscription and payment by ACI Holdings Limited of new limited shares by way of a contribution in kind; Cancellation of 900 limited shares in LuxSCS; New composition of the shareholding of LuxSCS.
Според информацията в обобщените годишни доклади по СПР LuxSCS само по себе си не е понесло пряко никакви разходи за разработки през разглеждания период.
Approving the entering into share transfer agreement in order to sell 100 % of the shares of Amazon.de GmbH and 8724191 of the shares (representing 93,1471 %) of Amazon.co.uk Ltd, in consideration of a note amounting to EUR 136828362; Proposal to contribute 6,8529 % of the shares of Amazon.co.uk Ltd and 100 % of the shares of amazon.fr Holdings SAS to LuxOpCo,; Granting a loan to LuxOpCo.
То е допринасяло финансово за разработването на обхванатите в СПР нематериални активи единствено чрез годишните си плащания по СПР.
Resolution to split into three different promissory notes a promissory note issued by the LuxSCS on February 6, 2006 in the principal amount of USD 194672760 to the benefit of Amazon.com.
В таблица 12 са показани финансовите вноски на LuxSCS към групата за поделяне на разходите по силата на СПР (това са т.нар. „плащания по СПР“).
Inc.; Increase the share capital of LuxSCS by a contribution in kind to LuxSCS by ACI of the UK Note and the DE Note in consideration of the issuance of limited shares of LuxSCS.
Таблица 12
Increase of the share capital of LuxSCS; Resolution to accept subscription and payment by Amazon.com, Inc. of new limited shares by way of contribution in kind; New composition of LuxSCS; Amendment of the articles of association.
Годишни плащания от страна на LuxSCS по силата на СПР
Acknowledgement of the resignation of […]as manager of LuxOpCo and of the appointment of […] and […] as managers of LuxOpCo; Adopting an increase of the share capital of [LuxSCS] by way of an all assets and liabilities contribution to be undertaken by ACI Holdings Limited, a Gibraltar company (‘ACIH’) in consideration of limited shares of LuxSCS; Approving the assignment of certain IP rights from Amazon.co.uk Ltd, Amazon.fr Holdings SAS and Amazon.de GmbH; Approving the acquisition of the EU Retail Business of Amazon.com Int'l Sales, Inc., and the subsequent transfer of the same to LuxOpCo; Approving intellectual property license agreements with LuxOpCo; Merger of certain limited shareholders of LuxSCS; Loan to LuxOpCo.
Плащания от страна на LuxSCS по силата на СПР
Increase of share capital; Resolution to accept subscription and payment by ACI Holdings Limited of all the 3750 limited shares; Cancellation of 1993 shares; New composition of the shareholding of LuxSCS; Amendments of the articles of Association.
[1000 — 1500]
Minutes of the General Meeting of LuxSCS ([…] as president, […] as secretary, […] as scrutineer)
Годишните обобщени доклади по СПР съдържат също така разходите за разработки, понесени от центровете за разработки на Amazon, които са разпръснати из целия свят, включително и в Европа.
Waiver of notice rights; Amendment to the articles of association of LuxSCS further to the merger of Amazon.com Int'l Marketplace, Inc. into Amazon Int'l Sales.
Тези центрове упражняват дейности по разработване по договор за A9 и ATI, които им плащат възнаграждение по себестойност плюс [5—10] % .
Decrease of the personal share premium account of ACI Holdings limited further to the final valuation of the 28 April 2006 contribution.
СПР е било сключено за целия живот на нематериалните активи и е можело да се изменя или прекратява единствено по взаимно съгласие на страните, в случай на промяна в контрола или съществено натрупване на тежести или в случай че някоя от страните не успее да поправи свое неизпълнение на задълженията си по СПР .
Written resolution of the shareholders of LuxSCS ([…] as vice President, […] as vice president, […] as treasurer and director)
Следователно LuxSCS не е можело да прекрати едностранно СПР.
Settlement of LuxSCS' annual accounts as of 31 December 2005 and resolution to submit the annual accounts to the sole shareholder of LuxSCS and to discharge the sole manager of LuxSCS for the accounting year ending on 31 December 2005.
СПР е изменяно два пъти по време на разглеждания период.
Written resolution of the shareholders of LuxSCS ([…] as vice President, […] as vice president, […] as vice president, treasurer and director)
Първото изменение, подписано през юли 2009 г. и влязло в сила на 5 януари 2009 г., е имало за цел привеждане на споразумението в съответствие с наредбата на министерството на финансите на САЩ („US Treasury Regulation“) относно обвързаните с условия споразумения за поделяне на разходите.
Approval of the annual accounts as of 31 December 2005 and allocation of the result; Discharge of the managers for the financial year ending on 31 December 2005.
Вследствие на това списък с функциите и рисковете на страните по СПР е включен в това споразумение .
Settlement of LuxSCS's annual accounts as of 31 December 2006 and resolution to submit such annual accounts to LuxSCS's shareholders for approval; Resolution to discharge to the sole manager of LuxSCS for the accounting year ending on 31 December 2006.
Този списък е възпроизведен в таблица 13.
Approval of the annual accounts as of 31 December 2006 and allocation of the result and resolution to submit the annual accounts to the shareholders of LuxSCS; Discharge of the sole manager of the manager for the financial year ending on 31 December 2006.
Таблица 13
Approval of the annual accounts as of 31 December 2006 of LuxOpCo and amendment and adoption of its signatory delegation policies; Approval of the annual accounts as of 31 December 2006 of Amazon Eurasia Holdings Sarl (‘AEH’) and amendment and adoption of its signatory delegation policies.
Функции и рискове на LuxSCS във връзка със СПР
Resolution to contribute an aggregate amount of EUR 25000 to AEH in consideration for the issuance of new shares by AEH.
Функции на LuxSCS
Written resolution of the shareholders of LuxSCS ([…] as vice president, […] as president, […] as vice president, treasurer and director)
Рискове, поемани от LuxSCS
Approval of the annual accounts as of 31 December 2008 and allocation of the result; Discharge of the sole manager of the manager for the financial year ending on 31 December 2008.
[LuxSCS] провежда на европейска територия програмата за разработки пряко или косвено посредством дъщерните си дружества и поделя резултатите от дейността си с [A9 и ATI].
Written resolution of the sole manager of LuxSCS ([…] as president)
Всички търговски рискове, свързани с европейската територия, в това число, но не само кредитният риск, рискът, свързан със събирането на вземанията, пазарният риск, рискът от загуби, рисковете, свързани с управлението на работна ръка, способна да продава стоки и да предоставя услуги ефективно и своевременно на европейска територия.
Settlement of LuxSCS's annual accounts as of 31 December 2009 and resolution to submit such annual accounts to LuxSCS's shareholders for approval; Proposal to give discharge to the sole manager of LuxSCS for the accounting year ending on 31 December 2008; Approval of the annual accounts as of 31 December 2008 of LuxOpCo; Approval of the annual accounts as of 31 December 2008 of AEH; Proposal to increase the share capital of AEH by a contribution in cash.
[LuxSCS] осъществява дейности по продажби и маркетинг на европейска територия
Written resolution of the sole manager of LuxSCS ([…] as president, […] as vice president, […] as vice president, treasurer and director)