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In Brussels on 11 June, EU Competition Commissioner Joaquín Almunia announced that the Commission will investigate tax practices in Ireland, the Netherlands and Luxembourg, which allow multinational corporations such as Apple, Starbucks, and Fiat Finance and Trade, respectively, to benefit from tax breaks, reports Gazeta Wyborcza. The Warsaw daily points out that in 2013, Apple paid no more than 2 per cent on its income in Ireland, where it already benefits from Europe’s lowest corporate tax rate of 12.5 per cent.
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