The Traderszone Network

Published in TZ Latest News 27 November, 2015 by The TZ Newswire Staff

Dutch government to appeal EU ruling on Starbucks tax deal

The Dutch Finance Ministry said on Friday it will appeal against a European Commission ruling ordering it to recover up to 30 million euros ($31.8 million) in taxes from Starbucks. Antitrust commissioner Margrethe Vestager ordered the Netherlands in October to recover 20 million to 30 million euros ($23 million to $34 million) in back taxes from Starbucks, accusing the U.S. coffee shop chain of benefiting from an illegal tax deal. Starbucks has already said it would appeal the EU’s decision.