Monday, September 05, 2016

US exceptionalism: How dare the EU demand US companies pay more tax!

My latest article for OpEdge- on the Apple tax affair, the EU Commission and Ireland...

The most revealing thing about the European Commission's ruling that Apple should pay Ireland up to €13 billion in back taxes has been the indignant reaction from the US.
Charles Schumer, described by the BBC as ‘a senior Democratic senator’, said: "This is a cheap money grab by the European Commission, targeting US businesses and the US tax base."
Paul Ryan, Speaker of the House of Representatives thundered: “This decision is awful. Slamming a company with a giant tax bill — years after the fact — sends exactly the wrong message to job creators on both sides of the Atlantic.”
The US Treasury slammed the decision as “unfair”. The White House said it was “concerned” about what it described as a “unilateral approach”. Orrin Hatch, chair of the Senate Finance Committee, called the ruling “an extraordinary decision that targets US business by rewriting already existing tax policies.”

You can read the whole article here

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