You are here: Home » Reuters » News
Business Standard

EU court to rule on legality of Belgian tax break, may affect Apple

Reuters  |  BRUSSELS 

By Foo Yun CheeBRUSSELS (Reuters) - Europe's second-highest court will rule on Thursday whether a Belgian tax break which benefited some 35 large companies is illegal state aid, a judgment which could provide clues to other tax cases involving Apple, Starbucks and Fiat Chrysler.As part of its crackdown on tax avoidance, the European Commission three years ago ordered Belgium to recover some 700 million euros ($790 million) from the group, saying the companies' "excess profit" tax plan gave them an unfair advantage vis-a-vis smaller firms.The scheme allowed the companies to claim deductions ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, February 12 2019. 22:53 IST
RECOMMENDED FOR YOU