EC relaxed subsidy rules for embattled Opel during financial crisis in 2009.
BRUSSELS – A European Commission investigation into Fiat’s tax arrangements in Luxembourg puts the spotlight on alleged backdoor subsidies received by Europe’s automakers and comes at a difficult time for the sector. At the heart of the probe is the suggestion that Luxembourg authorities gave Fiat finance and trade an unfair advantage over other companies in a 2012 ruling that calculated the Italian automaker’s taxable profits. Announcing the inquiry on June 11, ...
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