This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34591476

The article has changed 6 times. There is an RSS feed of changes available.

Version 0 Version 1
Starbucks and Fiat Chrysler tax deals 'illegal' Starbucks and Fiat Chrysler tax deals 'illegal'
(35 minutes later)
Starbucks and Fiat Chrysler have been told they must pay back between €20m and €30m in taxes after European tax deals were ruled illegal. Starbucks and Fiat Chrysler have been told they must pay back between €20m (£15m) and €30m in taxes after European tax deals were ruled illegal.
Tax deals that Starbucks had with the Netherlands and Fiat's financing firm had with Luxembourg were state aid, European competition commissioner Margrethe Vestager said.Tax deals that Starbucks had with the Netherlands and Fiat's financing firm had with Luxembourg were state aid, European competition commissioner Margrethe Vestager said.
"All companies, big or small, multinational or not, should pay their fair share of tax," Ms Vestager said. The Netherlands and Luxembourg disagreed with the Commission.
Further investigations are continuing. Starbucks said it would appeal against the decision.
Further investigations into tax deals are continuing.
"Tax rulings that artificially reduce a company's tax burden are not in line with EU state aid rules. They are illegal. I hope that, with today's decisions, this message will be heard by member state governments and companies alike," Ms Vestager said.
"All companies, big or small, multinational or not, should pay their fair share of tax," she added.
The Dutch government said it was "surprised" by the decision that it was convinced it arrangement with Starbucks was in line with international standards.
Starbucks said it would appeal against the ruling.
"Starbucks shares the concerns expressed by the Netherlands government that there are significant errors in the decision, and we plan to appeal, since we followed the Dutch and OECD rules available to anyone," a spokesman said.
The Luxembourg Ministry of Finance said the Commission had "used unprecedented criteria in establishing the alleged state aid".
"Luxembourg disagrees with the conclusions reached by the European Commission in the Fiat Finance and Trade case and reserves all its rights," it said.
Fiat Chrysler denied receiving any illegal state aid from Luxembourg.