Brussels: € 700 million tax bracket Belgium illegally

World January 11, 2016 14:07

amsterdam - Belgium must recover € 700 million from companies that issued the tax support on their profits. That tax aid is illegal.

         That the European Commission agree with Monday determined. Belgium must recover the aid from at least 35 companies, according to the decision. It's the first time for European multinationals that benefit from a Belgian tax rule introduced in 2005. According to European Commissioner Vestager (Competition policy) Belgium thus distorts fair competition. These are mainly small businesses benefit the victims, while large multinationals. FacebookDe discussion of tax perks focused so far on American companies like Facebook, Starbucks and Apple, who pay little tax through tax hikes in Europe. Belgium facilitates, unlike many other countries, companies with a separate website, www. ruling. be, to which the tax rules and tax benefits are maintained. All relevant financial news every morning for free in your mailbox? Log in here
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