EU launches probes into Apple, Starbucks tax break deals

Breaking News June 11, 2014 00:00

BRUSSELS - The European Union launched a probe Wednesday to determine whether the special tax deals offered by authorities in Ireland, Luxembourg and the Netherlands to Starbucks and Apple amount to billions in illegal state aid.

"In the current context of tight public budgets, it is particularly important that large multinationals pay their fair share of taxes," EU Competition Commissioner Joaquin Almunia said.

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