EU investigates tax rulings on Apple, Starbucks, Fiat

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Ireland resisted considerable pressure from Germany and other countries to change its regime as part an EU bailout during financial crisis.

Commission is also looking at a ruling the Luxembourg authorities gave to Fiat Finance and Trade Ltd, which lends money to other Fiat companies.

Almunia added Commission had started a preliminary investigation into so-called “patent box” breaks by a number EU countries, under which profits derived from patents faced tax rates of as low as 5 percent. (Reuters)