EU competition authorities have sunk their teeth into UK tax perks for multinationals amid a wider crackdown on aggressive tax avoidance.
The European Commission said on Thursday (26 October) it had opened an "in-depth investigation" into a British law that let big corporations shift profits to offshore subsidiaries.
It said the opening of the probe did "not prejudge the outcome of the investigation".
But it indicated that if the UK scheme constituted illegal state aid, ...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.