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Home » EU Probes Tax Schemes of Major Corporations Active in Europe

EU Probes Tax Schemes of Major Corporations Active in Europe

June 13, 2014
The New York Times

The inquiry by Joaquín Almunia, the European Union’s competition commissioner, if it leads to changes, could undermine tax strategies pursued by many American technology companies that have their international headquarters in Ireland and in other countries in the bloc.

The inquiry also covers Starbucks in the Netherlands and Fiat Finance and Trade in Luxembourg.

Ireland has become a preferred place for giant tech companies to place their international headquarters, largely because of concessions from the government allowing businesses to obtain even further breaks on corporate tax rates that, at 12.5 percent, are already low.

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    Technology Supply Chain Finance & Revenue Management Global Supply Chain Management Regulation & Compliance Industrial Manufacturing Pharmaceutical/Biotech
    KEYWORDS EU Europe Global Supply Chain Management government and regulatory issues Industrial Manufacturing Pharmaceutical/Biotech Regulation & Compliance SC Finance & Revenue Management Supply Chain Management Supply Chain Management: Legal tax abatement tax-effective supply chain Technology The New York Times
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