EU to investigate tax practices of Apple, Starbucks

The EU believes countries may have violated EU rules by giving certain companies tax deals

As Europe faces a financial crisis, EU regulators are beginning to crack down on the tax practices of major companies in the region. However, the main targets in the regulators’ crosshairs are not Europe-based companies, but rather U.S. companies doing business within the region.

The European Commission announced on June 11 that it was opening investigations into the tax practices of U.S.-based Apple and Starbucks stores, as well as Italy-based Fiat, over allegations that the companies engaged in illegal tax deals in Europe. The Commission announced that it would investigate tax deals for Apple in Ireland, Starbucks in the Netherlands, and Fiat in Luxembourg, to see whether the companies violated EU rules.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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