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Thursday, August 25, 2016

U.S. raises concerns over European tax probe involving American companies (TRES IRONIQUE)

https://www.washingtonpost.com/business/economy/us-raises-concerns-over-european-tax-probe-involving-american-companies/2016/08/24/5969871e-6a31-11e6-8225-fbb8a6fc65bc_story.html

The U.S. Treasury took the unusual step Wednesday of publishing a detailed critique of the European Commission's investigations into alleged tax avoidance schemes by a group of U.S. firms, including Apple, Starbucks and Amazon.
Treasury said the commission's probes into whether U.S. firms unfairly benefited from low corporate tax rates in Europe "undermine" agreements on international tax law and could hurt U.S. taxpayers.



The U.S. does not like the EU's tax imperialism (which is growing to rival the U.S.'s in scale and scope) -- oh, the delicious irony.

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