US set to launch new tax attack on EU

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

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.

The commission is conductinga long-running investigation into the issue and is expected to deliver its ruling in the autumn. Many commentators believe it will find that the iPhone maker received a sweetheart deal that allowed it to shield tens of billions of euro of profit from ...