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European Commission investigates taxation of Apple, Starbucks and Fiat

The European Commission has opened three investigations to examine whether tax authorities have made appropriate decisions about corporate tax paid by Apple in Ireland, Starbucks in the Netherlands and Fiat Finance and Trade in Luxembourg.

It’s launched the investigation following media reports that suggest that some companies have received significant tax reductions through ‘tax rulings’ issued by national tax authorities.

Author: The Fonecast
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Chess acquires the UK airtime business of Avenir Telecom

Cheshire-based telecom business Chess has acquired the UK airtime division of Avenir Telecom Group.

The 55 former Avenir Telecom employees will continue to work from their office in Hertfordshire, while Avenir UK Managing Director Andy Tow will become MD of the new Chess Partner Services division.

Author: The Fonecast
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