A PYMNTS Company

EU: Delay decisions on tax deals with multinationals expected

By  |  May 5, 2015
EU: Delay decisions on tax deals with multinationals expected

EU regulators will miss a June deadline to decide whether tax deals granted by individual member states to companies including Apple and Starbucks are legal because they lack some data, the EU’s antitrust chief said on Tuesday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    European Competition Commissioner Margrethe Vestager, who had previously set a second quarter deadline for her decision, said it was taking longer than expected to get the relevant information.

    “It is clear that obtaining information is both challenging and time consuming. We do not necessarily get the information the first time or the second time. Therefore we will not meet the first deadline to be done by the end of the second quarter. We will do our best,” Vestager told lawmakers in the European Parliament.

    “I will not give deadlines for the finalisation of these cases,” she added.

     

    Full content: The New York Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.