http://www.wsj.com/articles/eu-rules-that-starbucks-fiat-benefited-from-illegal-tax-deals-1445419279
The European Union said it would require Starbucks Corp. and Fiat
Chrysler Automobiles to pay tens of millions of euros in back taxes
after ruling that tax deals they negotiated with two European
governments were illegal, in an unprecedented decision by regulators
that risks blowing open thousands of corporate tax structures across
Europe.
The European Commission, the EU's executive arm, said Wednesday that
tax deals granted to Starbucks in the Netherlands and Fiat in Luxembourg
amounted to illegal state subsidies that must be repaid.
...
The
sums to be reclaimed are modest--amounting to between €20 million
($22.6 million) and €30 million for each company. And Wednesday's
decisions are widely expected to be appealed at the EU's courts in
Luxembourg, a process that can take years.
But experts said the probes have already created a chill in corporate
board rooms across the continent. Hundreds, possibly thousands, of
companies have used Luxembourg's holding-company rules to reduce their
tax burden from the country's official 29% rate to almost nothing,
according to documents disclosed last year by the Washington-ba
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