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EU Says Tax Probes on Apple and Amazon at Advanced Stage

EU Says Tax Probes on Apple and Amazon at Advanced Stage

By Reuters | Updated: 12 June 2015 10:11 IST

EU regulators' investigations into the low tax arrangements of Apple, Starbucks and Amazon in some member states are at an advanced stage and decisions could be announced in the coming months, a senior European Commission official said on Thursday.

The investigations centre on Luxembourg's tax rulings for online retailer Amazon and carmaker Fiat Chrysler , as well as coffee chain Starbucks' deal with the Netherlands and iPhone maker Apple's Irish arrangements, and whether the companies are paying a fair share of tax.

"The cases are advancing very well. I expect decisions to be taken in the not so distant future," Gert-Jan Koopman, deputy director general at the Commission, told a conference.

European Competition Commissioner Margrethe Vestager said last month she would not be able to meet a second quarter deadline as targeted and would not set another deadline for her decision.

The global financial crisis and cash-strapped governments have spurred a crackdown on tax avoidance and prompted complaints that deals which help companies cut their tax bills to a minimal level may give them an unfair advantage in breach of EU rules.

The European Commission is also investigating Belgium's tax arrangements for multinationals and on Thursday it opened a formal antitrust investigation into Amazon's ebook business.

The Commission said it would look in particular into certain clauses included in Amazon's contracts with publishers.

These clauses, it said, required publishers to inform Amazon about more favourable or alternative terms offered to Amazon's competitors, a means to ensure Amazon is offered terms at least as good as those of its competitors.

Edited by NDTV staff from original story by Reuters

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