E.U. Orders 2 Nations to Recover Taxes From Starbucks and Fiat

The European Union On Wednesday, issued an ordered for the Dutch government to recover money from Starbucks and told Luxembourg to claw back funds from a Fiat Chrysler unit, in an expanding crackdown on tax avoidance by corporations.

The antitrust chief of the European Union, Margrethe Vestager, said that Luxembourg and the Netherlands had given the multinational corporations illegal state aid by letting them shift profits and pay lower tax rates than those available to other companies.

Luxembourg must now recover up to 30 million euros, or about $34 million, from the Fiat unit, Fiat Finance and Trade.
The Netherlands must retrieve a similar amount from Starbucks.

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