EU closes investigations into Amazon, Starbucks and Fiat tax rulings

In 2015 and 2017, the Commission found that Luxembourg granted selective tax advantages to Fiat and Amazon, and the Netherlands to Starbucks, in breach of EU state aid rules.

Reuters
The European Commission on Thursday said it had closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks.

In 2015 and 2017, the Commission found that Luxembourg granted selective tax advantages to Fiat and Amazon, and the Netherlands to Starbucks, in breach of EU state aid rules.

These decisions, however, were all annulled by the EU courts.


The Commission said it had therefore decided to close the investigations and confirmed that the companies were not given selective tax advantages contrary to EU state aid rules.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › EU closes investigations into Amazon, Starbucks and Fiat tax rulings
Text Size:AAA
Success
This article has been saved

*

+