EU antitrust regulators are seeking information on German carmaker Volkswagen’s (VW) tax deals with Luxembourg, Bloomberg reported on Tuesday, March 27, citing a person familiar with the matter.
Luxembourg’s tax deals with US fast-food chain McDonald’s and French gas and power producer Engie are already in the EU’s cross hairs. The Commission also opened a case to examine the Netherlands’ arrangement with Swedish furniture retailer Ikea three months ago.
According to an email from VW’s company spokesman Nicolai Laude, VW’s tax in the country is in line with applicable laws and not based on a so-called tax ruling given out by Luxembourg authorities.
The EU competition enforcer and the Luxembourg finance ministry declined to comment.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian School Boards Sue Social Media Giants for $4 Billion
Mar 28, 2024 by
CPI
Alaska Airlines and Hawaiian Airlines Enter Timing Agreement with DOJ
Mar 28, 2024 by
CPI
Sam Bankman-Fried Gets 25-Year Sentence for $8B Crypto Fraud
Mar 28, 2024 by
CPI
Walmart Withdraws and Refiles Antitrust Review Application for Vizio Acquisition
Mar 28, 2024 by
CPI
Apple Prevails in Dismissal of Crypto-Payment Antitrust Lawsuit
Mar 27, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI