By Richard Rubin and Laura Stevens

Amazon.com Inc. prevailed over the Internal Revenue Service in a more than $1.5 billion dispute over the online retailer's transactions with a Luxembourg subsidiary.

The U.S. Tax Court ruled Thursday that the IRS made arbitrary determinations and abused its discretion in several instances. It wasn't immediately clear from the ruling what Amazon's ultimate tax bill would be.

Write to Richard Rubin at richard.rubin@wsj.com and Laura Stevens at laura.stevens@wsj.com

(END) Dow Jones Newswires

March 23, 2017 16:03 ET (20:03 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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