Ago 25, 2016

US condemns EU over plan to demand millions from Apple in unpaid taxes

The US warned that if Brussels pushes ahead with threatened plans to demand as much as £14.4bn from Apple for alleged unpaid taxes it will 'consider potential responses'


The US Treasury Department has launched a stinging attack on the European Commission's tax investigations in a bid to dissuade Brussels authorities from hitting Apple and other US multinational companies with billions of euros in underpaid taxes. 

In a white paper released on Wednesday, US authorities said the EU was behaving like a "supranational tax authority" that endangered international tax reforms agreements.

The Obama administration warned that Brussels' investigations into alleged tax avoidance by US companies, including Apple, Amazon and Starbucks, could create "an unfortunate international tax precedent".

Business News
Zlata Rodionova