EU antitrust body to miss June deadline
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EUROPEAN Union regulators will miss a June deadline to decide whether tax deals granted by individual member states to companies including Apple and Starbucks are legal because they lack some data, the EU’s antitrust chief said yesterday.
The investigations launched last year center on Luxembourg’s tax rulings for carmaker Fiat Chrysler and online retailer Amazon, as well as coffee chain Starbucks Corp’s deal with the Netherlands and iPhone maker Apple’s Irish arrangements, and whether they are paying a fair share of tax.
European Competition Commissioner Margrethe Vestager, who had previously set a second quarter deadline for her decision, said it was taking longer than expected to get the relevant information.
“It is clear that obtaining information is both challenging and time consuming. We do not necessarily get the information the first time or the second time. Therefore we will not meet the first deadline to be done by the end of the second quarter,” Vestager said in the European Parliament.
“I will not give deadlines for the finalization of these cases.”
The European Commission can order authorities to recover unfair state aid, which in the case of the four firms could run to millions of euros.
She said Poland, Estonia and the Czech Republic have yet to provide details of the companies granted tax rulings between 2010 and 2013.
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