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EU Apple tax demand precipitates trans-Atlantic row

Thursday, September 1, 2016 - 05:50

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The Democrat senator who chaired hearings into Apple's taxes three years ago indicated that the EU was making a reasonable claim because the US IRS had been tardy. It had failed to close loopholes that allowed companies to avoid tax at home by keeping profits abroad.

London

THE European Union's 13 billion euro (S$19.7 billion) tax demand from Apple has precipitated a trans-Atlantic trade row.

The US furiously protested against the European Commission's (EC) anti-competition order that Apple pay back taxes to Ireland on the grounds that the

sentifi.com

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