Economics

EU set to decide Starbucks & Fiat tax cases

The European Union is expected Wednesday to decide against Fiat and Starbucks in a landmark tax avoidance case for the 28-nation bloc, sources close to the stated.

20.10.2015

(AFP) The European Union is expected Wednesday to decide against Fiat and Starbucks in a landmark tax avoidance case for the 28-nation bloc, sources close to the matter stated.

The decision, if confirmed, could mean that Fiat's financial arm, based in Luxembourg, and the European unit of US coffee-shop outlet Starbucks in the Netherlands, have to repay millions of euros in back taxes.