Likely Impact Of The EU's Fiat, Starbucks Tax Rulings

Law360, New York (October 23, 2015, 5:43 PM EDT) -- On Oct. 21, the European Commission declared the tax rulings on transfer pricing granted by Luxembourg to Fiat Finance and Trade and by the Netherlands to Starbucks Manufacturing EMEA BV to be illegal under European Union state aid rules. As a consequence, Luxembourg and the Netherlands must now recover between €20 million and €30 million in unpaid tax considered to be an illegal aid from each of the companies. The exact amounts will be calculated on the basis of methodology established in the commission's decisions.[1]...

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