Washington threatens Brussels over plan to demand billions in unpaid taxes from Apple

‘The US Treasury Department has warned about possible retaliation if the European Commission pursues American companies like Apple, Amazon and Starbucks over tax avoidance.
The EU has been investigating whether Apple’s tax dealings in Ireland, which allowed the company to pay very little income tax for its European earnings, violated European rules. Apple is suspected of using loopholes in tax laws and paying just two percent tax in Ireland, well below the official 12.5 percent. The decision is expected to be announced next month.
The Obama administration warned the EU that the investigation could “create an unfortunate international tax policy precedent.”’
Read more: Washington threatens Brussels over plan to demand billions in unpaid taxes from Apple