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EU Investigates Apple, Starbucks and Fiat to Close Tax Loopholes

EU Investigates Apple, Starbucks and Fiat to Close Tax Loopholes
The European Union's antitrust regulator has launched an investigation into tax deals that Apple, Starbucks and Fiat struck with some European countries, the start of a wider push to keep multinationals from taking advantage of loopholes. "When public budgets are tight and citizens are asked to make efforts to deal with the consequences of the (financial) crisis, it cannot be accepted that large multinationals do not pay their fair share of taxes," EU antitrust commissioner Joaquin Almunia said.
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Toby Sterling
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