Vestager Says EU Must Take Action Against Unrealistic Tax Deals
- Competition chief Vestager comments on tax rulings in speech
- EU is investigating fiscal pacts for Apple, Amazon.com
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European Union Competition Commissioner Margrethe Vestager justified probes into favorable tax deals given to companies like Apple Inc. and Amazon.com Inc., saying that regulators have to act when countries hand out “unrealistic” pacts.
Vestager, who has already ordered Starbucks Corp. and Fiat Chrysler Automobiles NV, to repay about 30 million euros ($33 million) each in back taxes, said Friday in Brussels that her job wasn’t to “reassess the work of national tax authorities.”