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EU Upset Over Ireland’s Tax Breaks for U.S. Firms

THE European Commission has begun an investigation into allegations that Ireland offered special tax deals to US multi-nationals, it is understood.

The probe is looking at tax deals offered by Ireland, the Netherlands and Luxembourg, according to the ‘Financial Times’.

The probe follows massive controversy in the United States, Britain, Germany and France about the low taxes charged on US companies with operations in Ireland.

Source: Irish Independent. Read full article. (link)

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