US set to launch new tax attack on EU

Report says Treasury will accuse competition body of 'power grab'

24th August, 2016
US Treasury Secretary Jack Lew Pic: Getty

A report says the US Treasury Department is set to launch a fresh attack on the European Commission over its investigation into Apple's tax arrangements in Ireland.

“This shift in approach appears to expand the role of the [competition directorate] beyond enforcement of competition and state aid law . . . into that of a supranational tax authority that reviews member state” decisions on corporate tax, the FT quotes the document as saying.

The FT adds...

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