Home Belgium's $762 Million Tax Loophole Shut in EU Payback Order
 

Keywords :   


Belgium's $762 Million Tax Loophole Shut in EU Payback Order

2016-01-12 02:08:33| Appliances - Topix.net

The European Union ordered Belgium to recover about 700 million euros in illegal tax breaks given to at least 35 companies, including Anheuser-Busch InBev NVand BP Plc, as regulators continued a crackdown on overly generous tax schemes throughout the 28-nation bloc. The European Commission told Belgium to recoup the full unpaid tax, saying that excess-profit rulings allowed global corporations to reduce their tax base by as much as 90 percent.

Tags: order million tax shut

Category:Consumer Goods and Services

Latest from this category

All news

14.06Bates learned of knighthood at Post Office Inquiry
14.06Boeing plane investigated after 'Dutch roll'
14.06Supermarket sandwiches linked to E. coli outbreak
14.06Barclays suspends festival funding after protests
14.06Tesla investors back $56bn Musk pay deal
14.06'Mouse jigglers' pretending to work fired by bank
14.06Is Elon Musk worth his 44bn Tesla pay package?
14.06Tesco says shoppers are buying more as confidence returns
Consumer Goods and Services »
16.06Atlantic Tropical Weather Outlook
16.06Eastern North Pacific Tropical Weather Outlook
16.06Atlantic Tropical Weather Outlook
16.06Eastern North Pacific Tropical Weather Outlook
15.06Atlantic Tropical Weather Outlook
15.06Eastern North Pacific Tropical Weather Outlook
15.06This Week in Agribusiness, June 15, 2024
15.06Atlantic Tropical Weather Outlook
More »