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EU: EC probing VW’s taxes in Luxembourg

By  |  March 27, 2018

EU antitrust regulators are seeking information on German carmaker Volkswagen’s (VW) tax deals with Luxembourg, Bloomberg reported on Tuesday, March 27, citing a person familiar with the matter.

Luxembourg’s tax deals with US fast-food chain McDonald’s and French gas and power producer Engie are already in the EU’s cross hairs. The Commission also opened a case to examine the Netherlands’ arrangement with Swedish furniture retailer Ikea three months ago.

According to an email from VW’s company spokesman Nicolai Laude, VW’s tax in the country is in line with applicable laws and not based on a so-called tax ruling given out by Luxembourg authorities.

The EU competition enforcer and the Luxembourg finance ministry declined to comment.

Full Content: Bloomberg

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