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 editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.