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EU: Delay decisions on tax deals with multinationals expected

By  |  May 5, 2015

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.

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

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