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Fiat Fights EU's 'Absurd' $37 Million Luxembourg Tax Bill

Stephanie Bodoni, Bloomberg News (Bloomberg) Fiat Chrysler Automobiles NV told the European Union’s top court that a 30 million-euro ($37 million) tax bill from regulators was “absurd” and sowed confusion between national authorities. The European Commission claimed that Luxembourg was too lax on a Fiat unit in the Grand Duchy, while the Italian tax authority “is claiming precisely the contrary,” Guglielmo Maisto, a lawyer for the company, told the EU Court of Justice in a hearing on Monday. Fiat is challenging a 2015 EU order to pay 30 million euros in back taxes over its Luxembourg fiscal deals. Ireland, which last year successfully overturned a record 13 billion-euro tax bill for Apple Inc., lent its support from the start and is also appealing a first court defeat in 2019.

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