Wednesday, July 13, 2016

Jack Lew in Brussels to Muscle the European Commission Against Taxing Apple

U.S. Treasury Secretary Jack Lew is set to meet with the European Union’s antitrust chief Margrethe Vestager this week as she prepares to deliver a final decision on a probe into Apple Inc.’s tax affairs in Ireland, reports Bloomberg,

The meeting with Lew, who has criticized the European Commission tax investigations, comes amid mounting speculation that the authority will rule as soon as this month on what back taxes Apple owes.

In a letter, Lew has complained to commission President Jean-Claude Juncker that U.S. firms are unfair targets of state-aid investigation

Vestager has repeatedly denied she’s deliberately taking aim at U.S. firms, insisting that probes into tax rulings are part of the watchdog’s responsibility to police fair competition within the EU.

It's good to see a Treasury Secretary fighting to get foreign taxes reduced for a US firm but why is my suspicion that this service is offered only well-connected elitist firms?


No comments:

Post a Comment