“[T]he European Commission’s verdict in the Starbucks case deviates from national law and the OECD’s system.” That was the reaction on Friday from Netherlands Ministry of Finance in response to the European Commission’s October ruling that “selective tax advantages” granted to Fiat in Luxembourg and to Starbucks in the Netherlands were improper. The Commission has…
Move over, Apple, Starbucks & Fiat: it appears you have some company. Last month, the European Commission announced that it would be formally investigating the tax structures and practices of three specific corporations in very targeted destinations: Apple (Ireland), Fiat Finance and Trade (Luxembourg), and Starbucks (Netherlands). At the time, I noted that it was…
The United States hasn’t been shy about demanding records into tax and financial practices of multinational banks and corporations in the name of tax fairness. In fact, the attempts to gain records, which have been characterized as heavy-handed (or, a little economic pressure among friends, depending on who’s doing the talking) have made news for…
American based – but Italian owned – car manufacturer Chrysler was hoping to go public by the end of 2013. That’s now not likely to happen as questions about the company’s car issues are causing the company to slow the brakes.