EU: London needs to collect taxes from large corporations

For the EU competition authorities is clear: Some multinational companies have been freed without reason, of British tax rules. London to order the money now nachf.

again and again the EU calls on member States, money from large corporations to reclaim. This time it hits the UK. The Brussels tax experts have attributed for the period from 2013 to 2018, and are convinced that London has protected some of the companies wrong. Specifically, it is a 2013 income tax exemption for intra-group financing, which is not from the point of view of Brussels with EU law.

tax benefits for large companies

Normally UK tax able to tax authorities abroad suspended gains. Due to exceptions, the companies were in the situation, the foreign subsidiaries with financial resources, and to pay on profits from these transactions, hardly or no taxes. The EU Commission shared but neither of who has benefited, in what amount.

Apple, Amazon, Starbucks

great Britain thus joins the list of EU countries, at the behest of Brussels because of illegal tax advantages of money of multi-national companies to call. So far, mainly US firms were, in this context, the focus of the investigation.

So Apple had to go to Ireland, Amazon pay in Luxembourg and Starbucks in the Netherlands, substantial sums of money. The Commission determined at the time the furniture store chain Ikea for its tax practices in the Netherlands.