Starbucks and Fiat tax ruling is 'tip of the iceberg'

Luxembourg and Netherlands will have to collect more tax, but could lose overseas investment

European commissioner for competition Margrethe Vestager holds a press conference on the EU decision to set out a template for recovering unpaid taxes and preventing tax avoidance by multinat
(Image credit: AFP/Getty Images)

Starbucks and Fiat are to be hit with a tax bill of tens of millions of euros, after a European Commission investigation ruled their so-called "sweetheart" deals with Luxembourg and the Netherlands are unlawful.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up