Bloomberg Law
May 23, 2018, 10:47 PM UTC

EU’s U.K. Tax Probe May Hit Unprecedented Number of Companies

Ben Stupples

• Commission announced U.K. government aid tax probe Oct. 26 • EU targeting special tax treatment for multinational businesses

The European Commission’s probe into a U.K. tax scheme may hit an unprecedented number of companies for its investigations on governments’ specialized treatment of global businesses.

A total of 38 public U.K. businesses have cited the government aid probe in their accounts, according to data compiled by Bloomberg Tax. That total beats the 35 businesses, the highest existing number, that the European Union’s executive arm cited in a similar investigation into Belgium’s tax laws.

“It would be interesting to see if ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.