EU probes three countries over tax deals for corporations


The EU has reportedly opened an informal investigation into Ireland, Luxembourg and Holland over assurances that they may have given to multinational corporations about how their tax affairs would be treated.

The probe comes amid a furor over how major companies such as Starbucks (SBUX) and Apple (AAPL) use the three countries to limit their global tax bills. The EU is looking at whether any tax breaks that firms may have been offered breach state-aid rules.

If Brussels finds wrongdoing, it could force the countries to collect lost revenue from any unlawful deals.

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Comments (2)
  • tomybhoy
    , contributor
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    They should have France at the top of the list!
    12 Sep 2013, 07:53 AM Reply Like
  • gmmpa
    , contributor
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    The European Union should focus on free markets and free trade. It has no business regulating where companies keep there profits and do their accounting. They should focus on tax rate uniformity between the countries and the problem will go away. Of course that would be free trade and the inefficient socialism countries will fail and the whole EU idea will unravel.

     

    The EU should leave the fruits of other people's labor alone. All they want to do is steal their money to fund failed countries who's people are drowns to European GDP growth.
    12 Sep 2013, 09:52 AM Reply Like
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