Why Fiat (FIATY) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of Fiat (FIATY) are down -1.62% to $10.65 following reports that the automaker, along with Apple  (AAPL) and Starbucks (SBUX), are the subject of a European Commission move to pressure Ireland, the Netherlands and Luxembourg over their corporate tax practices, saying it was investigating deals the countries have cut with the companies, Reuters reports.

The EU is looking at whether the countries' tax treatment of multinationals, which help to attract investment and jobs that might otherwise go to where the companies' customers are based, represent unfair state aid, Reuters said.

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