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Thursday, 12 June 2014 - 10:05
EU to investigate Apple's tax affairs
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The European Commission is to open a formal investigation into Apple, Starbucks and Fiat in relation to tax arrangements with three EU countries.

The firms' respective arrangements with Ireland, the Netherlands and Luxembourg will be investigated.

Announcing the move, tax commissioner Algirdas Semeta said that "fair tax competition is essential".

Last year, a US Senate investigation accused Ireland of giving special tax treatment to Apple.
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