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Multinationals and tax authorities, UK in EU sights

The European Competition Services will examine whether the UK's tax regime allows some multinationals to pay less tax, in breach of EU state aid rules.

After Ireland, Luxembourg and the Netherlands, it is now the turn of the United Kingdom, in the process of saying goodbye to the EU, to pass under the gauntlet of the European Antitrust for gifts to multinationals. Indeed, the Commission has opened an in-depth investigation into the British regime which allows certain operations of multinational groups to be exempted from the application of national rules of fight against tax evasion.

European Competition Services will examine whether the scheme allows these multinationals to pay less tax to the UK in violation of EU rules on state aid. Logically, EU decisions concerning the United Kingdom while the latter's participation in the Union is underway should also be applied when Brexit will have taken place as they refer precisely to the past.

In and around London, as well as various international multinationals or banking institutions, there are also two important Italian groups such as Fiat Chrysler and Igt/Lottomatica, which have chosen the banks of the Thames for their tax office.

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