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Tax investigations gather speed in Europe

Tax investigations gather speed in Europe
Global
30 Sep 2014

First published in USA News, 29 September 2014.

The European Union will step up its probe of Apple Inc.’s tax arrangements in Ireland, revealing why it suspects the iPhone maker received an unfair advantage.

Searching “into the tax affairs of a number of higher-profile multinationals like Starbucks Corp., Fiat SpA and Apple for violation of state aid is a knee-jerk reaction to appear on the front-foot,” says Frederic Donnedieu, Chairman of Taxand.

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Taxand's Take

Looking into the tax arrangements of multi-national companies by the European Commission is an extreme reaction to appear pro-active.

Taxand's Take Author