/ Fiat, Industry, News / EU investigates Fiat for Luxembourg tax deal

EU investigates Fiat for Luxembourg tax deal

Linked In Share
EU investigates Fiat for Luxembourg tax deal

Apple, Starbucks and Fiat SpA are among the companies that have come under the European Commission’s radar for some tax practices that saw them strike deals with Ireland, the Netherlands and Luxembourg.

The EU has announced it has began an investigation into how the multinationals get tax treated by the respective countries – seeking to find out if they benefited from unfair state aid.

“In the current context of tight public budgets, it is particularly important that large multinationals pay their fair share of taxes,” said Commission Vice President in charge of competition policy Joaquín Almunia.

In its defense, the finance unit of Italian automaker Fiat SpA – now part of the larger Fiat Chrysler Automobiles – has said it’s positive the investigation would show the deal made with Luxembourg to be actually clean.

“The company has no reason to believe that any favorable treatment was contemplated by the tax authorities in Luxembourg on issuing such tax ruling, because in fact no such treatment was ever received,” Fiat Finance and Trade said in a statement.

The unit declared itself surprised of the ongoing investigation from the EU, with the company – which has been working for Fiat SpA for 15 years, performing cash management and treasury activities – requesting Luxembourg a new tax ruling that would clarify certain financial activities.

Via Reuters

by Aurel Niculescu (my Google+) - Thursday, June 12th, 2014 - filed under Fiat, Industry, News. Image credit: .
Linked In Share
Related Articles
eu europe investigation tax activities


Discuss: EU investigates Fiat for Luxembourg tax deal

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 Geneva Motor Show LIVE: BMW X6 by Hamann
2015 Geneva Motor Show LIVE: BMW X6 by HamannThe famous BMW tuner Hamann has recently created an upgrade package for the new generation of the X6 as this has been officially ...
2015 Geneva Motor Show LIVE: Radical RXC Turbo 500
2015 Geneva Motor Show LIVE: Radical RXC Turbo 500The public debut of the brand new Radical RXC Turbo 500 has been made at the 2015 Geneva Motor Show. The newest British sports ...
2015 Geneva Motor Show LIVE: Mansory Mercedes S63 AMG Coupe Diamond
2015 Geneva Motor Show LIVE: Mansory Mercedes S63 AMG Coupe DiamondMansory has officially pulled the wraps off the brand new Mercedes S63 AMG Coupe Diamond, in a premiere, during the 2015 Geneva ...
2015 Geneva Motor Show LIVE: FAB Design VAYU RPR Spider
2015 Geneva Motor Show LIVE: FAB Design VAYU RPR SpiderThe fancy name aside, the model is instantly recognizable as last year’s Geneva motor show astonishing appearance – the three ...
2015 Geneva Motor Show LIVE: smart fortwo by Carlsson
2015 Geneva Motor Show LIVE: smart fortwo by CarlssonGerman tuner specialist Carlsson, known for its performance upgrades on Mercedes-Benz models also has an interest in the smart ...
2015 Geneva Motor Show LIVE: Mercedes-Benz G500 4x4² concept
2015 Geneva Motor Show LIVE: Mercedes-Benz G500 4x4² conceptThe German automaker, the third largest premium carmaker in the world, has unveiled in an official premiere the recently ...
2015 Geneva Motor Show LIVE: Mercedes-Benz Concept V-ision e
2015 Geneva Motor Show LIVE: Mercedes-Benz Concept V-ision eMercedes-Benz has used the 2015 edition of the Geneva motor show to officially introduce the Concept V-ision e plug-in hybrid ...
Alonso now preparing for Malaysia return
Alonso now preparing for Malaysia returnMar.4 (GMM/Inautonews.com) Fernando Alonso has returned to physical training in preparation for the start of his 2015 race ...
2015 Geneva Motor Show LIVE: Subaru Levorg
2015 Geneva Motor Show LIVE: Subaru LevorgThe Japanese all-wheel drive specialist is making a comeback on the European market with a new wagon model, the Levorg, showcased ...
2015 Geneva Motor Show LIVE: Peugeot 208 facelift
2015 Geneva Motor Show LIVE: Peugeot 208 faceliftAfter recently launching the mildly refreshed 208 line, the audience attending the 2015 edition of the Geneva Motor Show will get ...
2015 Geneva Motor Show LIVE: DS5 facelift
2015 Geneva Motor Show LIVE: DS5 faceliftThe French upscale brand recently presented online its facelifted DS5 family and the model has now been officially presented for ...
2015 Geneva Motor Show LIVE: Aston Martin Vantage GT3
2015 Geneva Motor Show LIVE: Aston Martin Vantage GT3The brand new Aston Martin Vantage GT3 has been officially presented to the public, in a premiere, during the 2015 Geneva Motor ...
2015 Geneva Motor Show LIVE: Fiat 500 Vintage ‘57
2015 Geneva Motor Show LIVE: Fiat 500 Vintage ‘57Fiat has officially pulled the wraps off the new 500 Vintage ’57 during the 2015 Geneva Motor Show, in a premiere. Originally ...
2015 Geneva Motor Show LIVE: Aston Martin Lagonda Taraf
2015 Geneva Motor Show LIVE: Aston Martin Lagonda TarafAfter recently announcing imminent plans to also offer the exclusive Aston Martin Lagonda Taraf in select European markets and ...
2015 Geneva Motor Show LIVE: MINI Park Lane
2015 Geneva Motor Show LIVE: MINI Park LaneMINI is present at the 2015th edition of the Geneva Motor Show with the Park Lane, a higher end version of the Countryman. The ...
Read more automotive news


2015 Geneva Motor Show Coverage

Hamann BMW X6 Geneva Live Geneva 2015 01
Radical RXC Turbo 500 Geneva Live Geneva 2015 00
Mansory S63 AMG Coupe Diamond Geneva Live Geneva 2015 01
FAB Design VAYU RPR Spider Geneva Live Geneva 2015 00
Carlsson Smart ForTwo CK10 Geneva Live Geneva 2015 12
Mercedes G500 4x42 Geneva Live Geneva 2015 00
V Class Plugin Concept Geneva Live Geneva 2015 00
Subaru Levorg Geneva Live Geneva 2015 01
Peugeot 208 Geneva Live Geneva 2015 01
DS5facelift01
Aston Martin Vantage GT3 Live Geneva 2015 01
Fiat 500 Vintage 57 Geneva Live Geneva 2015 01

More automotive from inautonews
The famous BMW tuner Hamann has recently created an upgrade package for the new generation of the X6 as this has been officially presented to the public during the 2015 Geneva Motor Show. The BMW X6 is not exactly an easy ride to work with if you are a tuner but if your company is named Hamann, ...
read more
Inautonews Editors Section
Geneva Motor Show 2015 – the full car guide
Geneva Motor Show 2015 – the full car guideIt can only get bigger and better. The 85th International Motor Show in Geneva will finally make its “carsy” debut on the 3rd of March. The show ...
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – Serenity
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – SerenityFord has been battling losses for years in its Ford of Europe business, but judging by the model lineup of the second largest US automaker you would ...
Test Drive: Renault Megane GT Line Energy 1.2 TCe
Test Drive: Renault Megane GT Line Energy 1.2 TCe Besides the Megane GT Line diesel, tested here, Renault is also offering a petrol version of the model which is using the 1.2-liter turbo. But is ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Dodge Durango and Jeep Grand Cherokee for fuel pump problemsFiat Chrysler Automobiles (FCA) has announced a recall covering the Dodge Durango and Jeep Grand ... Recall roundup: Cadillac ATS and Chevrolet Impala for two separate issuesThe NHTSA has added two recalls from General Motors for the Cadillac ATS and the Chevrolet Impala ...
Safety Section