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.
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.
Featured News
Ribera Calls for Reform in EU Competition Policies
Dec 10, 2024 by
CPI
DirecTV Urges Second Circuit to Revive Antitrust Lawsuit Against Nexstar
Dec 9, 2024 by
CPI
Omnicom and Interpublic Unite in $13.25B Deal: Big Tech Competition Heats Up
Dec 9, 2024 by
CPI
Federal Ruling Highlights DOJ’s Push Against Algorithmic Collusion in Antitrust Cases
Dec 9, 2024 by
CPI
Judge’s Decision on Kroger-Albertsons Merger Expected Soon
Dec 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead