EU investigates Apple, Starbucks, Fiat tax deals

[dipsydoodle]

Source: Yahoo News / AP

AMSTERDAM (AP) -- The European Union's antitrust regulator said Wednesday it is launching an investigation into tax deals that Apple, Starbucks and Fiat struck with several European countries to see whether they violate competition law.

EU antitrust commissioner Joaquin Almunia said it appears the arrangements are not proper, though the companies and countries involved — Ireland, the Netherlands and Luxembourg — must be given a chance to respond.

"In the current context of tight public budgets, it is particularly important that large multinationals pay their fair share of taxes," he said in a statement.

Apple has a deal with tax authorities in Ireland, Starbucks in the Netherlands and Fiat's financing arm in Luxembourg as part of their strategy to minimize the taxes they pay.



Read more: http://finance.yahoo.com/news/eu-investigates-apple-starbucks-fiat-094645031.html

[sinkingfeeling]

1. No need to investigate them here. It's the way things work. Taxes are

waived for decades or 'deferred' for years.

[CountAllVotes]

2. Good!

Bunch of corrupt companies they are and everyone, not jut the EU knows it too!

& recommend.