Fiat Chrysler Loses Appeal Against $33 Million E.U. Tax Fine
LUXEMBOURG — The second-highest court in the European Union ruled on Tuesday that the automaker Fiat Chrysler must pay back about $33 million in taxes that it saved by carving out a deal with Luxembourg, in a case that could have implications for a multibillion-dollar suit against Apple.
While Fiat Chrysler lost its appeal against the fine, the European Union General Court upheld Starbucks’s appeal in a case against a tax deal struck with the Netherlands, meaning the American coffee giant avoided a similar penalty.
The cases offered clues about what might happen with an enormous suit against Apple, which is accused by the European Commission of having unlawfully saved $14.5 billion in taxes by striking a similar deal with Ireland.
The commission, the European Union’s executive branch, has proved to be a formidable regulator and has claimed that such preferential deals breach the bloc’s competition law.
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