07:28 AM EST, 11/29/2024 (MT Newswires) -- The European Commission said Friday it had closed its in-depth investigations into transfer pricing tax rulings for Stellantis's ( STLA ) Fiat, Amazon ( AMZN ) , and Starbucks ( SBUX ) , concluding that the rulings did not grant selective tax advantages.

The final decision comes after EU court rulings annulled the Commission's 2015 and 2017 decisions that Luxembourg and the Netherlands breached EU State aid rules by artificially lowering the tax paid by each company, granting them a selective advantage over other companies.

Amazon ( AMZN ) declined to comment, while Fiat and Starbucks ( SBUX ) did not immediately respond to MT Newswires' request for comment.