September 24, 2019 / 10:33 AM / a month ago

EU will assess court rulings on Starbucks, Fiat tax cases - Vestager

BRUSSELS (Reuters) - The European Commission will study the rulings of the European Union’s second-highest court on tax disputes with Starbucks (SBUX.O) and Fiat Chrysler Automobiles (FCHA.MI), the competition chief Margrethe Vestager said on Tuesday.

“We will study the judgments carefully before deciding on possible next steps,” Vestager said in a statement, without providing further detail on whether Brussels could appeal.

Earlier on Tuesday, the court upheld the Commission’s decision to force Fiat to pay back taxes to Luxembourg. But it rejected a similar decision taken by the Commission against the tax treatment of Starbucks in the Netherlands.

(This story refiles to add dropped word “court” in lead, no other changes to text)

Reporting by Francesco Guarascio @fraguarascio, Editing by Gabriela Baczynska

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below