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Companies & Markets

EU orders Starbucks, Fiat to each pay up to 30m euros in back taxes

Published Wed, Oct 21, 2015 · 09:55 AM
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[BRUSSELS] The European Union ordered Starbucks and Fiat on Wednesday to each repay up to 30 million euros in back taxes in a landmark tax avoidance case pursued in the wake of the Lux Leaks scandal.

"Luxembourg is to recover 20-30 million euros (US$23-34 million) from Fiat and The Netherlands to recover 20-30 million from Starbucks Manufacturing - unpaid taxes due to illegal state aid," EU Competition Commissioner Margrethe Vestager said in a tweet announcing the decision.

AFP

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