Germany, France Targeted as EU Chases Tax-Loophole Info
Margrethe Vestager, the bloc’s antitrust chief, is seeking to throw the spotlight onto the tax affairs of multinationals across the EU, potentially adding to probes targeting fiscal arrangements of Apple Inc. in Ireland, Starbucks Corp. in the Netherlands and Amazon.com Inc. and a Fiat SpA unit in Luxembourg.
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The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy.
Regulators also issued an ultimatum to Poland and Estonia for failing to hand over information about tax deals. The EU ordered them to fall in line within one month or face possible legal action at the European Court of Justice.