Europe Sends a $1.5 Billion Tax Bill to 50 U.K. Companies
BBA Aviation, Euromoney, Imperial Brands, Diageo and Pearson are some of the 50 U.K. companies that will have to pay collectively up to $1.5 billion in U.K. back-taxes after the European Commission declared a U.K tax exemption illegal. Yet, the companies may reduce the tax bill or even avoid any payment in the unlikely case of a hard-Brexit.