Apple’s $14.5 Billion EU Bill May Press U.S. on Tax OverhaulBy and
Amazon and McDonald’s also subject of European investigations
Companies may be able to cut U.S. taxes via offshore payments
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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