EC rules Fiat, Starbucks owe 20-30 mn in back taxes

(ANSA) - Brussels, October 21 - The European Commission said Fiat Chrysler Automobiles owes between 20 and 30 million euros in back taxes after ruling that tax regimes granted to its Fiat Finance and Trade subsidiary in Luxembourg and the Netherlands were illegal. It said Starbucks owed a similar amount. "The Commission has ordered Luxembourg and the Netherlands to recover the unpaid tax from Fiat and Starbucks, respectively in order to remove the unfair competitive advantage they have enjoyed and to restore equal treatment with other companies in similar situations," read an EC statement. "The amounts to recover are €20-30m for each company."