Placeholder canvas

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

Date:

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 ($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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Fact Check: Image of Bridge In China Falsely Shared As That From Mumbai

A photo of a bridge spanning a body of...

Fact Check: 2018 Video From Saudi Viral As Camels Stuck In Dubai Flood

A video of camels being swept away in water...

Fact check: Old Pictures Of PM Modi At Sant Kabir Das Mausoleum Shared As Recent

Amid the ongoing general elections in India, a few...

US Announces Historic $6Billion Military Aid For Ukraine

This security assistance package from the US will address Ukraine's ongoing battlefield needs and demonstrate unwavering US support for Ukraine