Connect with us

Hi, what are you looking for?

Industrial Policy

Vestager: EU court defeat is ‘big loss for tax fairness’

European Union Competition Commissioner Margrethe Vestager on Tuesday said that a ruling from the EU’s top court against EU efforts to clamp down on sweetheart tax deals marks a “big loss for tax fairness.” 

The European Court of Justice on Tuesday ruled that the lower EU tribunal was wrong to back Brussels’ efforts to recoup up to €30 million in unpaid taxes from carmaker Fiat. 

The Commission had said that Luxembourg’s tax deal represented a form of illegal state aid. 

Vestager’s loss could spell trouble for future tax rulings from the EU’s top court. Judges are still to rule on high-profile cases including Ireland’s tax deal with Apple and an arrangement between the Netherlands and Starbucks. 

The case number is C-885/19 P Fiat Chrysler Finance.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


PARIS — Brussels wants media concentration to become a European Union issue. French billionaire Vincent Bolloré is testing how serious it is. The European...


Ireland’s privacy authority Monday announced it was imposing a €265 million fine and other corrective measures on Meta for failing to properly protect its...

Industrial Policy

A planned reform of EU corporate taxation would substitute national business tax rules, EU Economy Commissioner Paolo Gentiloni said Monday. The “Business in Europe...


As part of its push to channel cash to green projects, Brussels has labeled electric vehicles as sustainable investments — but not the individual components...


Cardiovascular disease (CVD) — often regarded as the ‘silent pandemic’ — is the leading cause of death worldwide. In 2019 alone, it was responsible...


Higher energy prices, including for natural gas, are pushing up electricity prices and the cost of living for households across the EU, prompting governments...


Space exploration is, perhaps, humankind’s longest dream. The night sky has always allowed our imagination to fly.  It has taken our creative and innovative...


Eurozone finance ministers on Friday elected Pierre Gramegna, a former finance minister of Luxembourg, to lead the European Stability Mechanism (ESM). The election caps...