Date
28 March 2017
EC deputy director general Gert-Jan Koopman expects rulings on ongoing tax investigations into three top US companies to be announced anytime soon. Photo: Internet
EC deputy director general Gert-Jan Koopman expects rulings on ongoing tax investigations into three top US companies to be announced anytime soon. Photo: Internet

EU ramping up tax investigations into US giants

European Union regulators are at an advanced stage of investigations into US giants Apple, Amazon and Starbucks for suspected tax avoidance and other offenses.

Findings could be announced in the coming months, according to a senior European Commission (EC) official cited by Reuters.

The investigators are looking into whether those companies are paying the right amount of tax.

Reuters quotes EC deputy director general Gert-Jan Koopman as saying the cases are advancing very well and decisions could be announced “in the not too distant future”.

European Competition Commissioner Margrethe Vestager was earlier reported to have expressed doubt about any ruling by the second quarter.

European countries stung by stagnant growth have been cracking down on tax avoidance and other potential misconduct by multinationals.

In Belgium, authorities have opened an antitrust investigation into Amazon over its e-book business, Reuters says.

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