EU court annuls Starbucks tax deal decision, rejects Fiat appeal


PTI | Luxembourg | Updated: 24-09-2019 15:20 IST | Created: 24-09-2019 14:30 IST
EU court annuls Starbucks tax deal decision, rejects Fiat appeal
Image Credit: ANI
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An EU court on Tuesday annulled an order by Brussels that Starbucks pay 30 million euros in taxes to the Netherlands, saying European regulators had failed to demonstrate illegal state aid.

In a separate decision, however, the same court said Fiat must pay the same amount to Luxembourg, upholding a similar EU order from 2015.

The split decision will be closely watched by Apple, which was ordered to repay Ireland 13 billion euros in 2016 in a blockbuster case that is also making its way through EU courts. 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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