EU closes investigations into Amazon, Starbucks and Fiat tax rulings

Spread the love
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS

          Companies

  • Amazon.com Inc
  • Starbucks Corp
  • Stellantis NV
BRUSSELS, Nov 28 (Reuters) – The European Commission on Thursday said it had closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks.
In 2015 and 2017, the Commission found that Luxembourg granted selective tax advantages to Fiat and Amazon, and the Netherlands to Starbucks, in breach of EU state aid rules.
These decisions, however, were all annulled by the EU courts.
The Commission said it had therefore decided to close the investigations and confirmed that the companies were not given selective tax advantages contrary to EU state aid rules.

Reporting by Bart Meijer; Editing by Sudip Kar-Gupta

Share this post :

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Create a new perspective on life

Your Ads Here (365 x 270 area)
Latest News
Categories

Subscribe our newsletter

Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.