EU investigations on whether favourable tax deals provided to Apple and Starbucks set to continue

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The European Commission have already deemed favourable corporate tax deals to constitute corporate welfare. And investigations into Ireland’s deal with Apple and the Netherlands’ deal with Starbucks are ongoing.

A recent report quoted the EU’s competition minister, Margarethe Vestagertempered, as responding to reporters as follows:

“Don’t hold your breath,” she told reporters in Brussels on Monday about the timing of decisions targeting Apple and online shopping giant Amazon.com Inc, whose tax affairs in Luxembourg are also under intense scrutiny. “I’m just warning you.”

Source: http://www.bloomberg.com/news/articles/2016-03-07/don-t-hold-your-breath-in-apple-tax-probe-eu-s-vestager-says