EU court ruling on Starbucks, Fiat million euro tax orders on September 24

Europe’s second-highest court will rule on Sept. 24 whether Starbucks Corp has to pay up to 30 million euros ($33 million) in Dutch back taxes and Fiat Chrysler Automobiles NV a similar amount to Luxembourg. Both cases are part of European Competition Commissioner Margrethe Vestager’s crackdown on unlawful tax breaks offered by EU countries to multinationals that have drawn criticism for using the bloc’s state aid rules to assess tax strategies commonly used by many companies. The judgments from the Luxembourg-based General Court could determine the scope of Vestager’s drive in the coming years and whether she will open more cases.

source https://finance.yahoo.com/news/eu-court-ruling-starbucks-fiat-183454109.html?.tsrc=rss

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