Sending orders online to the UK is a lot more expensive and complex after the Brexit. Some European online retailers are therefore discontinuing their deliveries to the country.
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The Italian tax authorities are opening an investigation into tax evasion among the top management of Gucci, the Italian subsidiary of luxury holding company Kering. More than twelve (former) managers are under investigation.
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The European Union is opening new investigations into 39 companies that may have benefited from unfair tax advantages in Belgium. These include AB InBev, as well as retail chain Celio.
The European Commission had some bad news for American Amazon: it needs to pay an additional 250 million euro in taxes because the Commission feels it enjoyed illegal state aid from Luxembourg for many years.
The Dutch government has asked Starbucks to pay back 25.7 million euro, after the European Commission deemed it was illegal state aid.
American Starbucks still uses the tax construction it agreed upon with the Dutch government, even though the European Commission considers it to be illegal.
The Belgian tax department has launched a thorough investigation of Swedish furniture chain Ikea's Belgian finances. Minister of Finance Johan Van Overtveldt divulged that information the Parliamentary Committee.