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The Independent UK
The Independent UK
National
Via AP news wire

EU court sides with Fiat Chrysler in tax advantage case

Fiat Chrysler FIAT European Union Luxembourg Europe
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

The European Union's top court on Tuesday overturned a decision requiring automaker Fiat Chrysler to pay up to 30 million euros ($30 million) in back taxes to Luxembourg.

The European Commission, the EU's executive arm and anti-trust regulator, had determined in 2015 that a 2012 Luxembourg tax ruling favored Fiat companies in Europe and was incompatible with state aid rules in the 27-nation bloc.

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