U.S. Treasury Steps Up Pressure on EU Over Apple Tax Dispute
- Brussels becoming a ‘supra-national tax authority’: Treasury
- EU’s Vestager to visit Washington for conference in September
Is Apple Being Targeted by the EU?
This article is for subscribers only.
The U.S. is stepping up its effort to convince the European Commission to refrain from hitting Apple Inc. and other companies with demands for possibly billions of euros in underpaid taxes.
In a white paper released Wednesday, the Treasury Department in Washington said the Brussels-based commission is taking on the role of a “supra-national tax authority” that has the scope to threaten global tax reform deals.