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The European Commission plans to open a formal investigation into Apple, Starbucks and Fiat in relation to tax arrangements with three EU countries, notes the "BBC" (http://tinyurl.com/qbgfmbd). The firms' respective arrangements with Ireland, the Netherlands and Luxembourg will be investigated.
However, Apple says it's not received any selective tax treatment from the Irish authorities after European Union state aid regulators opened an investigation into the issue.
"We have received no selective treatment from Irish officials. Apple is subject to the same tax laws as scores of other international companies doing business in Ireland," the company told "Reuters" (http://tinyurl.com/prwsksz) in a statement.