European Commission: Tax deal between Netherlands and Starbucks unacceptable | RetailDetail

European Commission: Tax deal between Netherlands and Starbucks unacceptable

European Commission: Tax deal between Netherlands and Starbucks unacceptable

According to the European Commission, the favourable rulings Starbucks has agreed to with the Netherlands are illegal, while similar deals between Amazon and Luxembourg and between Apple and Ireland are also being investigated.

LuxLeaks sped up investigation

For more than two years, Europe has been investigating tax deals between major multinationals and members of the European Union. That investigation gained traction when plenty of deals with Luxembourg's tax services leaked to the public.

 

Starbucks has allegedly funneled several millions through the Netherlands into a British subsidiary. Because that particular subsidiary does not owe the Netherlands any taxes, Starbucks can avoid major taxation in the Netherlands.

 

Ireland and Luxembourg have similar deals with Apple and Amazon respectively, which is an attempt to lure major companies to their country. Fiat has also been given a advantageous tax deal in Luxembourg, one that the European Commission finds unacceptable.

Questions or comments? Please feel free to contact the editors


Walmart and Microsoft team up to beat Amazon

18/07/2018

Two major American companies join forces to try to beat the omnipresent threat of Amazon: Walmart (Amazon's biggest competitor in retail) and Microsoft (Amazon's main rival in cloud services) have signed a strategic partnership for the next five years.

Sales of PCs grows for the first time in six years

13/07/2018

For the first time in six years computer sales showed growth again: in the second quarter of 2018 they increased by 1.4%. According to research firms Gartner and IDC, the sales increase is mainly due to growth in business markets.

Retailhub Inspiration Tour: the customer journey becomes very different

09/07/2018

Thanks to Retailhub by RetailDetail, Antwerp has one more unique retail hot spot. Professionals can experience the future of retail in the Benelux' only retail inspiration platform, with 1250 sqm of innovative technology and huge trends.

Breakthrough in Karstadt-Kaufhof merger

05/07/2018

Canadian Hudson’s Bay and Austrian Sigma Holding have not reached a preliminary agreement about the merger of their respective department store chains Kaufhof and Karstadt: the Canadian company says it has only signed a letter of intent.

Alibaba CEO and Belgian PM discuss investment in Liège

04/07/2018

Alibaba founder Jack Ma has discussed a possible investment in Liège, Belgium with the country's prime minister Charles Michel. Afterwards no decisive statements were made by either party.

Toys "R" Us closes American stores amidst reboot hopes

02/07/2018

Final curtains for Toys "R" Us in the United States: all the stores have closed and 30,000 employees are laid off. Against all odds, some however still hope for a second life for the troubled chain.