EU Commission declares tax rulings issued by Luxembourg and the Netherlands to Fiat and Starbucks unlawful state aid

Tax / Competition Law

October 28, 2015

On 21 October 2015, the European Commission (“EC”) announced in a press release that the tax rulings issued by Luxembourg and the Netherlands to Fiat and Starbucks, respectively, constitute unlawful State aid, which is prohibited by the Treaty on the Functioning of the European Union (“EU”).

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