A PYMNTS Company

EU: EC probing VW’s taxes in Luxembourg

By  |  March 27, 2018

EU antitrust regulators are seeking information on German carmaker Volkswagen’s (VW) tax deals with Luxembourg, Bloomberg reported on Tuesday, March 27, citing a person familiar with the matter.

    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.

    Luxembourg’s tax deals with US fast-food chain McDonald’s and French gas and power producer Engie are already in the EU’s cross hairs. The Commission also opened a case to examine the Netherlands’ arrangement with Swedish furniture retailer Ikea three months ago.

    According to an email from VW’s company spokesman Nicolai Laude, VW’s tax in the country is in line with applicable laws and not based on a so-called tax ruling given out by Luxembourg authorities.

    The EU competition enforcer and the Luxembourg finance ministry declined to comment.

    Full Content: Bloomberg

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