eBay (EBAY) may be the next Internet giant to be targeted by European governments over its tax...

|About: eBay Inc. (EBAY)|By:, SA News Editor

eBay (EBAY) may be the next Internet giant to be targeted by European governments over its tax payments. Reuters notes eBay is able to charge EU customers a low sales tax rate by declaring a 9-person Luxembourg subsidiary its provider of services, and that it shuffles revenue to a Swiss unit to lower income tax payments. British and German lawmakers are calling for investigations - the EU allows tax regulators to challenge claims to Luxembourg residence in local courts. (U.K. investigation)