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EU closes investigations into Amazon, Starbucks and Fiat tax rulings
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EU closes investigations into Amazon, Starbucks and Fiat tax rulings
Nov 28, 2024 3:17 AM

BRUSSELS, Nov 28 (Reuters) - The European Commission on

Thursday said it had closed state aid investigations into tax

rulings granted by Luxembourg and the Netherlands to Amazon ( AMZN ),

Fiat and Starbucks ( SBUX ).

In 2015 and 2017, the Commission found that Luxembourg

granted selective tax advantages to Fiat and Amazon ( AMZN ), and the

Netherlands to Starbucks ( SBUX ), in breach of EU state aid rules.

These decisions, however, were all annulled by the EU

courts.

The Commission said it had therefore decided to close the

investigations and confirmed that the companies were not given

selective tax advantages contrary to EU state aid rules.

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