EU Looking Into Apple, Starbucks Taxes

    Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland May 21, 2013. Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries. REUTERS/Michael MacSweeney  (IRELAND - Tags: BUSINESS POLITICS SCIENCE TECHNOLOGY) - RTXZV4B

    Michael MacSweeney/Reuters

    As the topic of corporations paying taxes has heated up over the past few years, the European Union has decided to actually do something about it. The European Commission announced Wednesday it has opened investigations into corporate tax policies benefiting Apple, Starbucks, and Fiat. The EC will be looking into rules in Ireland, the Netherlands, and Luxembourg to see whether tax decisions affecting those companies in these countries comply with the EU’s state aid rules. A U.S. Senate report last year claimed that Apple was keeping billions of dollars in profits from being taxed by sheltering it in Ireland, while Starbucks was found to have received a sweet tax deal in the Netherlands during a U.K. parliamentary investigation.

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