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EU: Starbucks and Fiat set to be first in firing line for EU tax rulings

 |  October 15, 2015

Starbucks and Fiat Chrysler Automobiles are set to be first in the firing line as European Union regulators issue a series of rulings over tax breaks for global companies, including Apple.

The EU may issue decisions against Starbucks and Fiat as soon as next week following a two-year investigation into how the companies may have received unfair tax treatment from Dutch and Luxembourgish authorities, sources said.

Speculation about the inquiries intensified this week as Margrethe Vestager, the EU’s competition chief, cancelled a scheduled visit to China, citing pressing matters relating to her job.

Decisions on whether iPhone maker Apple and Amazon.com got sweetheart tax deals from Ireland and Luxembourg are expected at a later date, said the sources.

Full content: The Wall Street Journal

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