European Union will investigate 11 major companies | RetailDetail

European Union will investigate 11 major companies

European Union will investigate 11 major companies

The European Union will investigate the taxes of 11 major companies to see whether they have had rulings from particular governments in order to pay fewer taxes.

Only Wal-Mart refused invitation

Some of the biggest companies in the world are part of those 11 companies under investigation: Amazon, Facebook, McDonald's, Fiat Chrysler and Starbucks. Previous attempts to get these companies to talk in front of a specially formed committee failed as the majority refused the invitation to meet. This time, they will be heard on 16 November, although there is still one company that refuses to cooperate, namely American supermarket chain Wal-Mart.


"I am satisfied that, this time, most of the multinational companies invited have decided to seize the opportunity to share their views with us on current developments in the corporate tax world,” said Alain Lamassoure, chairman of the special tax panel.


The special tax panel was formed after a range of documents were published showing how the government in Luxembourg had struck hundreds of deals with companies. These deals all involved those companies paying fewer taxes.

Questions or comments? Please feel free to contact the editors

"Protectionism makes everyone poorer" (Christian Verschueren, EuroCommerce)


Trade wars and discrimination within the single market create growing pressures on retailers in Europe. EuroCommerce Director-General Christian Verschueren is concerned, but looks forward confidently to the future.

The end of the retail employee


For the first time it’s safe to say that the future of work is really fabricated by futuristic events. People will need to become just as versatile as AI technologies and blockchain applications. Are you ready?

Alibaba doubles Lazada investment


Chinese Alibaba will once again invest 2 billion dollars (1.6 billion euro) into e-commerce company Lazada, active in Southeast Asia. It invested a similar sum in the group about two years ago.

CK Hutchison owner steps down


Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Toys ‘R’ Us goes bankrupt


The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Unilever chooses Rotterdam


The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.

Back to top