Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

EU launches in-depth probes into Belgian tax benefits for 39 companies

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/16/2019 | 06:31am EST
European Union flags flutter outside the European Commission headquarters, in Brussels

BRUSSELS (Reuters) - The European Commission said on Monday it had opened separate in-depth investigations into tax rulings granted by Belgium to 39 multinational companies to determine whether these amounted to illegal state aid.

The Commission, which oversees competition policy in the European Union, ordered Belgian in 2016 to recover some 700 million euros ($774 million) from the companies, but that decision was struck down by an EU court in February.

The court found that the Commission had wrongly considered the Belgian "excess profit" tax exemptions constituted a scheme, prompting the Commission to relaunch its proceedings, but treating the rulings for each company separately.

The companies include brewer Anheuser-Busch InBev and subsidiaries of BASF, BP, British American Tobacco, Henkel, Bridgestone and Atlas Copco.

(Reporting by Philip Blenkinsop)

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV -0.91% 70.68 Delayed Quote.23.62%
ATLAS COPCO AB 0.17% 363.4 Delayed Quote.70.78%
BASF SE -0.65% 67.35 Delayed Quote.12.24%
BP PLC -0.41% 469.3 Delayed Quote.-4.98%
BRIDGESTONE CORPORATION 0.16% 4344 End-of-day quote.5.41%
BRITISH AMERICAN TOBACCO PLC -0.20% 2994 Delayed Quote.20.00%
HENKEL AG & CO. KGAA -0.21% 93.68 Delayed Quote.-1.59%
KINEPOLIS GROUP SA -0.34% 58.7 Delayed Quote.20.70%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
12:51pWTO WORLD TRADE ORGANIZATION : AEM Hails USMCA Agreement
PU
12:38pU.S. third-quarter labor cost growth cut; productivity soft
RE
12:36pWhat's in the New USMCA Trade Deal
DJ
12:29pPELOSI : revised USMCA pact much improved from initial Trump version
RE
12:24pTOO MUCH, TOO LITTLE : German finance levy plan draws wide censure
RE
12:22pAPAC RESOURCES : Bityuan's blockchain, the first public chain to realize parachain technoogy
AQ
12:20pOil rises but U.S.-China trade war weighs on demand outlook
RE
12:19pOil rises but U.S.-China trade war weighs on demand outlook
RE
12:18pOil rises but U.S.-China trade war weighs on demand outlook
RE
12:16pDAVID SCHWEIKERT : Schweikert Statement on USMCA Deal
PU
Latest news "Economy & Forex"