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The U.S. wants Europe to back off its tax probes of Apple and others | Recode Daily: August 25, 2016

The European Commission is overstepping its authority, says the Treasury Department.

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.In an unusual step, the Treasury Department sharply criticized the European Commission's investigations into alleged tax avoidance by Apple, Amazon and other U.S. companies — investigations that could result in demands for billions of dollars in underpaid taxes. The Treasury said the probes go beyond the commission's authority, unfairly target U.S. firms and threaten to undermine international tax agreements.
[Saleha Mohsin | Bloomberg]

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[Eric Newcomer | Bloomberg]

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[Kurt Wagner | Recode]

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[Eric Johnson | Recode]

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