On Thursday 7 March, the European Commission opened an in-depth investigation to examine whether the tax rulings granted by the Grand Duchy of Luxembourg to Finnish food packaging company Huhtamäki are in line with EU State aid rules.
The investigation concerns three tax rulings granted in 2009, 2012 and 2013 to the Luxembourg-based company Huhtalux S.à r.l, which is part of the Finnish Huhtamäki group. Huhtalux, which provides intra-group financing, receives interest-free loans from...