EU shuts down Belgium tax breaks for multinationals

The EU on Monday closed a major tax break that Belgium offered to multinationals, reportedly including beer giant AB InBev and British American Tobacco, and ordered the companies to return 700 million euros ($762 million) in unpaid taxes. In the latest Brussels crackdown on tax avoidance, it ruled that the benefit to some 35 multinational companies was illegal and breached the European Union's rules on state aid to companies. It comes in the wake of the "Luxleaks" scandal, which revealed details