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Small retailer with devoted fans is closing its doors
A New England-based retailer that has the distinction of being the first curtain catalog company is closing up shop. Shareholders of The Fitzpatrick Companies, whose subsidiaries include Country Curtains, voted Wednesday to liquidate the 61-year-old business. Country Curtains will begin liquidating operations immediately, and a going-out-of-business sale will be launched in its 19 retail stores (and website) starting on Oct. 5. The stores will close by the end of the year. -
Amazon gets bill for back taxes
The European Union has hit Amazon with a tax bill. The online giant was ordered to pay 250 million euros ($294 million) plus interest in back taxes to Luxembourg on Wednesday after the European Commission said the retailer had received illegal tax benefits. "Luxembourg gave illegal tax benefits to Amazon. As a result, almost three quarters of Amazon's profits were not taxed," Margrethe Vestager, the EU's commissioner for competition, said in a statement.

