26-April-2024
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AB InBev among 39 firms targeted by new EU probe on Belgian tax
17-Sep-2019

Anheuser-Busch InBev is among 39 firms targeted by fresh European Union investigations into Belgian tax deals after an earlier order to recoup about 800 million euros ($885 million) was criticized by an EU court. The European Commission opened separate probes into so-called tax rulings that Belgian doled out to multinational companies from 2005 to 2014, it said in an emailed statement on Monday. The rulings “may have given a selective advantage” to the companies “allowing them to pay substantially less tax.” The other companies targeted include BASF Antwerpen, BP Aromatics Limited, British American Tobacco Coordination Center, Atlas Copco Airpower, Belgacom International Carrier Services, Dow Corning Europe, Pfizer Animal Health SA, Wabco Europe BVBA, Celio International, and Bridgestone Europe.

News Source:- https://www.moneyweb.co.za/news/companies-and-deals/ab-inbev-among-39-firms-targeted-by-new-eu-probe-on-belgian-tax/