21 October 2015: Following state aid investigations, the European Commission has ordered Luxembourg and the Netherlands to recover unpaid taxes of €20-30m from each of Fiat and Starbucks. The Commission has confirmed that certain Tax Rulings historically provided by the Netherlands and by Luxembourg gave each company a selective tax advantage and, therefore, constituted unlawful state aid. The recovery is being required to remove the unfair competitive advantage. Further investigations will be announced shortly.
The Issues -
Certain Tax Rulings granted to Member State businesses are subject to European Commission (EC) unlawful state aid investigations.
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