EU court rejects Fiat's €30M tax appeal

Tuesday, 24. September 2019 10:20

The EU court rejected the Fiat Chrysler appeal against its order to pay up to €30 million in Luxembourg tax deal.

The case was part of European Competition Commissioner Margrethe Vestager's crackdown on unlawful tax breaks offered by EU countries to multinationals that drew criticism for using the bloc's state aid rules to access tax strategies commonly used by many companies. Vestager said Fiat Chrysler had benefited from an illegal tax deal with Luxembourg in her 2015 decisions.

She reportedly said Fiat's Luxembourg unit didn't even pay €0.4 million in corporate tax in 2014 while Starbucks' Dutch subsidiary paid less than €0.6 million.

Related Links: Fiat Chrysler Automobiles N.V.
Author:
Breaking the News / TF