US Treasury says investigations into alleged tax avoidance by US companies including Amazon and Starbucks could create ‘unfortunate precedent’The US has warned the European commission that it will consider retaliating whether Brussels goes ahead with plans to demand billions of dollars in unpaid taxes from Apple and other US multinational companies.
The Obama administration warned the EU on Wednesday that its investigations into alleged tax avoidance by US firms,including Apple, Amazon and Starbucks, or could “create an unfortunate international tax policy precedent”. Very good assembly with Secretary of the Treasury Jack Lew on the European economy and transatlantic cooperation. pic.twitter.com/XiQBa6STAgContinue reading...
Source: theguardian.com