EU Lays Down the Law on Tax Deals as Apple Probe ContinuesBy
EU regulator clarifies rules for profit-shifting arrangements
Transactions between units should be at market prices
The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid to rein in governments that woo multinationals with special fiscal deals allowing them to reduce their fiscal liability by booking profits abroad.
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