Washington Blasts EU for ‘Unfair’ Tax Probes Targeting US Companies

Apple store in London

The United States is deeply concerned over “disproportional” high-profile EU tax probes into major US companies, and deems them unfair, Robert Stack, the US Treasury official in charge of international tax policy said.

A poster with an image of Britain's Queen Elizabeth II incorporated into the Google's logo is pictured at the company UK headquarters, in London (File)

EU Competition Chief Set to Probe Google Tax Breaks

MOSCOW (Sputnik) — Stack visited Brussels on Friday to express Washington’s fears about the EU biased tax probes, as the European Commission had “cracked down” on US giants, including Apple, Starbucks, Amazon and McDonalds, which had allegedly worked out arrangements with EU member states allowing them to slash their tax bills.”We are concerned that the EU commission appears to be disproportionately targeting US companies…. We are greatly concerned that the EU commission is reaching out to tax income that no member state had the right to tax,” Stack was quoted by the Financial Times as saying on Saturday.

Such unfair tax probes undermine the proper functioning of the companies, the official said, adding that the European Union was seeking primarily the taxes which are ultimately payable in the United States.

Earlier this month, Apple started to push back against the European tax probe against it, as the EU Commission believes the company allegedly used subsidiaries in Ireland to avoid paying taxes on revenue generated abroad.



We See The World From All Sides and Want YOU To Be Fully Informed

In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming educated opinion. In addition, to get a clear comprehension of VT's independent non-censored media, please read our Policies and Disclosures.

Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT. About VT - Comment Policy

Comments are closed.