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EU Demands Starbucks, Fiat Pay Back Millions in Tax Breaks

The European Union is demanding that U.S. coffee chain Starbucks and carmaker Fiat repay up to 30 million euros ($34 million) each in tax breaks they received from EU nations, in a major ruling to cut down on sweet tax deals global multinationals often shop for. EU antitrust Commissioner Margrethe Vestager said Wednesday that "all companies, big or small, multinational or not, should pay their fair share of tax." The European Commission polices state aid and...

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