Earlier in the outsources we heard that the European Commission has ordered Apple to pay Ireland €13bn (£11bn) taxes. The European authorities accused Ireland of helping Apple to avoid tax by means of a sweetheart deal that is in breach of EU rules.
But for now ” US has been quick to criticize a decision by the European Commission that Apple should pay back taxes in Ireland – saying the move will “undermine foreign investment”.
The US has emerged as a staunch defender of Apple, and has made clear its unhappiness about the reach of the decision. Last week, US Treasury secretary Jack Lew accused the EU of trying to become a “supra national tax authority.
Earlier this year, in an open letter to the president of the European Commission, Jean-Claude Juncker, Mr Lew warned that he had “serious concerns about fundamental fairness” of the EU’s tax policy. He added that the uncertainty created by the investigations “could damage the business climate in Europe and deter foreign direct investment”.
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