Four ongoing probes regarding EU Member States’ tax relationships with foreign corporations are set to be concluded in the first have of next year, say reports.
According to European Commissioner Margrethe Vestager, authorities are looking to finalize the current cases before opening any new ones regarding the matter.
Tax relationships with Apple, Starbucks, Amazon and Fiat – involving Luxembourg, the Netherlands and Ireland – are being investigated on claims tax breaks offered to the companies could constitute illegal and unfair state aid. Vestager says she hopes to close those cases in the second quarter of 2015.
While only four cases have been launched, experts predict more to come since the revelations of the so-called LuxLeaks documents emerged. Those documents suggest billions of dollars in tax breaks were offered to several companies by Luxembourg alone.
The reports have caused a firestorm of controversy against current European Commission President Jean Claude Juncker, who was Prime Minister of Luxembourg during the time of the tax agreements in question.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Turkey Hits Meta with $37.20 Million Fine Over Data-Sharing Practices
May 8, 2024 by
CPI
Google Seeks Dismissal of UK Suit Over Alleged Anti-Competitive Practices
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI