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Margrethe Vestager's - 2 Europe's - 2 Bart Meijer - 2 Mike Blake - 1 Apple - 1 Apple's - 1 Giovanni Pitruzzella - 1 CJEU - 1
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Search resuls for: "Foo Yun Chee Bart H. Meijer"


4 mentions found


☆ Apple suffers setback in fight against EU's $14 billion tax order
  + stars: | 2023-11-09 | by ( Foo Yun Chee Bart H. Meijer | Foo Yun Chee | Bart H. Meijer | ) www.reuters.com   time to read: +4 min
The European Commission in its 2016 decision said Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion. "It is therefore necessary for the General Court to carry out a new assessment," Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a 700-million-euro Belgian tax scheme for 55 multinationals. Vestager is currently investigating IKEA brand owner Inter IKEA's Dutch tax arrangement in a case dating from 2017, Nike's (NKE.N) Dutch tax rulings and Finnish food and drink packaging company Huhtamaki's (HUH1V.HE) tax rulings granted by Luxembourg.
Persons: Mike Blake, Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU, Pitruzzella, Michael McGrath, Court’s, Vestager, Stellantis Organizations: REUTERS, Rights, EU, Apple, European Commission, of Justice, Justice, Court, Ireland, Dublin, Starbucks, IKEA, Inter IKEA's, Thomson Locations: La Jolla , California, U.S, Rights LUXEMBOURG, Ireland, Belgian, Luxembourg
☆ Intel hit with $400 million EU antitrust fine in decades-old case
  + stars: | 2023-09-22 | by ( Foo Yun Chee Bart H. Meijer | Foo Yun Chee | Bart H. Meijer | ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBRUSSELS, Sept 22 (Reuters) - Intel (INTC.O) was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from actions the U.S. chipmaker took between 2002 and 2006. An initial record fine of 1.06 billion euros in 2009 was thrown out last year by the Luxembourg-based General Court, Europe's second highest. The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case. "The General Court confirmed that Intel's naked restrictions amounted to an abuse of dominant market position under EU competition rules," the European Commission said in a statement. The Commission has appealed the General Court's ruling last year at the EU Court of Justice, Europe's top court.
Persons: Dado Ruvic, chipmaker, Court's, Europe's, Bart Meijer, Jane Merriman, Jason Neely Organizations: REUTERS, Rights, Intel, European Commission, Devices, HP, Lenovo, HK, EU, Justice, Thomson Locations: Rights BRUSSELS, Luxembourg
☆ EU court says $748 mln Belgian tax scheme is illegal state aid
  + stars: | 2023-09-20 | by ( Foo Yun Chee Bart H. Meijer | Foo Yun Chee | Bart H. Meijer | ) www.reuters.com   time to read: +1 min
BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals. The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it. Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus (PROX.BR) . The EU Court of Justice, Europe's top court, in 2021 however sided with the EU competition enforcer and referred the case back to the lower tribunal. Belgium can still appeal to the EU Court of Justice.
Persons: Margrethe Vestager's, Atlas, Europe's, Foo Yun Chee, Bart Meijer, Tomasz Janowski Organizations: Belgian, EU, BP, BASF, Justice, Belgian Finance Ministry, Thomson Locations: BRUSSELS, EU, Luxembourg, Belgium, Brussels, Amsterdam
☆ Alitalia must repay 400 mln euros illegal state aid, EU says
  + stars: | 2023-03-27 | by ( Foo Yun Chee Bart H. Meijer | Foo Yun Chee | Bart H. Meijer | ) www.reuters.com   time to read: +1 min
BRUSSELS, March 27 (Reuters) - Alitalia, the predecessor of Italian state-owned airline ITA Airways, will have to repay a 400 million-euro ($430 million) loan to the Italian government because the money breached EU state aid rules, EU competition authorities said on Monday. Italy granted the loan in 2019, two years after giving a 900 million-euro loan to keep the loss-making company operating. The European Commission, which acts as the competition watchdog in the 27-country bloc, subsequently ruled that both loans constituted illegal state aid. The Commission had in 2021 it ordered Alitalia to repay the 900-million-euro illegal loan. Successive governments pumped an estimated 10 billion euros into Alitalia to keep it afloat in its last 14 years of life, despite heavy losses and bad management.
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