Apple’s $14.5 Billion EU Bill May Press U.S. on Tax Overhaul

Updated on
  • Amazon and McDonald’s also subject of European investigations
  • Companies may be able to cut U.S. taxes via offshore payments

Apple Appealing EU Tax Ruling of $14.5B

The European Union’s finding that Apple Inc. owes Ireland more than $14 billion in back taxes reveals the high cost the U.S. Treasury may pay by failing to keep pace in a global effort to stem corporate tax avoidance -- and Apple might represent only the first major U.S. loss.

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