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EU to probe corporate tax rates in Ireland, Luxembourg, Netherlands

  • The European Commission is preparing an investigation into the corporate tax codes in Ireland, Luxembourg and the Netherlands. The probe is examining the low tax rates global companies pay in the three countries, and will make known if their tax deals are allowed under EU law, or amount to illegal state aid.
  • If the investigation reveals that multinational corporations received the state aid, the commission could obligate them to pay it back, even though such requirements are uncommon.
  • The probe comes after yesterdays news that Apple used Irish tax laws to allow it to pay just a 3.7% tax rate on non-U.S. income during its last fiscal year. Other companies that will be investigated include Amazon (AMZN), Google (GOOG, GOOGL) and Starbucks (SBUX).
Comments (5)
  • Raster
    , contributor
    Comments (245) | Send Message
     
    Don't forget MSFT who runs a OEM licensing through Dublin for the tax break.
    11 Jun, 02:44 AM Reply Like
  • vferrer@aol.com
    , contributor
    Comments (2) | Send Message
     
    The EU is playing with fire.....This is part of the attempt by a bunch of unelected bureaucrats to control the fiscal budgets of the European countries that are part of the EU.....It should be none of the bureaucrats business if a democratically elected European government wants to have lower tax rates and either use the taxes more efficiently or decide that they want a lower level of government spending and of social services. Of course, behind the bureaucrats are inefficient countries within the EU (France, Spain, Italy, to some extent, Germany) that waste their tax money in trivial pursuits, high public employees salaries and long vacations. May be the EU should disband and Brussels bureaucrats be eliminated.
    11 Jun, 05:12 AM Reply Like
  • Raster
    , contributor
    Comments (245) | Send Message
     
    I think the article had more to do with American companies receiving unfair tax advantages than it did about EU public employee salaries and the length of vacations.
    11 Jun, 03:31 PM Reply Like
  • eapss
    , contributor
    Comments (30) | Send Message
     
    Taxes are the price we pay to live in a civilized society. Wasteful spending is a cancer to mankind, only stasis is worse, the remedy for which seems to involve helping the disadvantaged.this appears to very difficult , possibly for cultural reasons and increasingly meager opportunities for most not for the few, which is kind of the definition of stasis.
    11 Jun, 10:14 AM Reply Like
  • eapss
    , contributor
    Comments (30) | Send Message
     
    Completion works when people of somewhat equilivant ability compete under the same rules.
    12 Jun, 02:36 PM Reply Like
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