EU investigating Ireland's tax policy for multinationals
on 12/09/2013 07:36:40
The Financial Times reports today that the Commission is looking at deals given to companies such as Starbucks and technology giant Apple in return for jobs and investment.
The paper claims it is part of a wider probe involving the Netherlands and Luxembourg.
A statement issued by the Department of Finance this morning said they are not aware of any formal EU enquiry.
The investigation will look at whether companies have been given special tax incentives to set up in different countries, as well as "one-off" arrangements.
The Irish government has repeatedly denied claims companies are offered special tax breaks in return for jobs and investment.
The issue has been raised at an international level, particularly in the US, where there are concerns that corporation tax is flowing out of the country.