<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>The European Union is demanding that US coffee chain Starbucks and car manufacturer Fiat repay up to €30m in tax breaks they received from EU nations.</p>
<p>It is seen as a major ruling to cut down on tax deals global multinationals often shop for.</p>
<p>EU anti-trust commissioner Margrethe Vestager said in support of the ruling that “all companies, big or small, multinational or not, should pay their fair share of tax”.</p>
<p>The commission polices state aid and anti-trust laws and has been tightening loopholes in EU legislation that have allowed multinationals to avoid millions in taxes.</p>
<p>Ms Vestager has said the Netherlands will have to recoup the unpaid taxes from Starbucks and Luxembourg from Fiat.</p>
<p>She said the EU is investigating similar tax practices in all of the bloc’s 28 nations.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed2e3c9703c">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed2e3c9703c',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.