EU competition chief flags fresh probes into multinationals' tax deals

FILE PHOTO: European Commission Vice President Margrethe Vestager speaks during a news conference in Brussels, Belgium February 1, 2023. REUTERS/Yves Herman

BRUSSELS (Reuters) - EU regulators are likely to open investigations into tax deals between EU countries and multinationals after reviewing their arrangements in the previous decade, the bloc's competition chief warned on Monday.

European Commission Vice-President Margrethe Vestager, who has ordered Apple to pay 13 billion euros in back taxes in Ireland and Amazon 250 million euros to Luxembourg, among a dozen cases, has said such tax deals amount to illegal tax breaks.