Friday 30 October 2015

Small EU team leads tax battle against corporate goliaths

A small team of European Union officials is spearheading an investigation that could force some of the world's biggest companies to pay billions of euros in avoided taxes.

In an office block in one of Brussels' less fashionable districts, the 10 Competition Directorate staff from across the bloc have spent two years poring over hundreds of deals agreed between companies and member-states' tax authorities.

Their findings were the basis on which the European Commission, the EU's executive arm, last week ruled that Starbucks Corp and Fiat Chrysler Automobiles NV benefited from illegal tax deals with the Dutch and Luxembourg authorities.

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