Wednesday June 3, 2020

US-EU showdown on Apple tax decision

Treasury Secretary 'will urge no collection of back taxes'

12th July, 2016
Commissioner 'looking at two Apple scenarios' Pic Getty

US Treasury Secretary Jacob Lew is set to meet with EU competition chief Margrethe Vestager this week as she prepares to deliver a final verdict on a probe into Apple’s tax affairs in Ireland.

The showdown comes days after Vestager’s team came up with two possible scenarios on how much tax Apple owes in Ireland, according to two people familiar with the case, who asked not to be identified because the matter is...

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