Economics

EU probes French gas giant Engie's Luxembourg tax deals

The EU launched an in-depth probe Monday into alleged sweetheart tax deals between French gas group Engie and Luxembourg, taking on a major European multinational after similar high-profile investigations into US giants.

19.09.2016

(AFP) The EU launched an in-depth probe Monday into alleged sweetheart tax deals between French gas group Engie and Luxembourg, taking on a major European multinational after similar high-profile investigations into US giants.

The probe into a company owned in part by the French state comes days after the Commission angered Washington by ruling that US tech icon Apple had received favourable tax terms and ordered it to repay 13 billion euros in back-taxes to Ireland.