The EU Commission on May 3 published the non-confidential version of its decision to open in-depth investigation into Luxembourg’s tax treatment of Huhtamäki.
The Commission has concerns that Luxembourg private tax rulings granted to a Huhtamäki’s Luxembourg subsidiary, Huhtalux, to inappropriately deduct from its taxable base deemed interest payments on interest-free loans from another Huhtamäki group company based in Ireland.
The decision to investigate was first made public on March 7.
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