UK can avoid US$1.5bil tax bill on no-deal Brexit

LUXEMBOURG: A no-deal Brexit could create yet another headache for the European Union as it prepares to hand dozens of UK-based companies a tax bill that is expected to top US$1.5bil.

With just over two months until Britain’s scheduled departure date of March 29, time is running out for the European Commission to order the UK to recoup money from companies granted illegal tax breaks.