Commission publishes opening decision in Huhtamäki state aid probe

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.