Home > World > US official to meet EU antitrust team on tax

US official to meet EU antitrust team on tax

Written by Business World, on 29th Jan 2016. Posted in World

article headline

A senior U.S. Treasury official will meet European Union antitrust officials investigating tax deals involving Apple and Amazon on Friday, the latest lobbying effort against a crackdown on U.S. firms.

The meeting comes a week after Apple Chief Executive Tim Cook met European Competition Commissioner Margrethe Vestager, who is expected to rule on his company's deal with Ireland early this year.

"Ditte Juul-Joergensen, Linsey McCallum and Gert-Jan Koopman will meet with Robert Stack, Deputy Assistant Secretary for International Tax Affairs at the U.S. Department of the Treasury," Vestager's spokesman said in an email.

Juul-Joergensen and McCallum are members of Vestager's cabinet, while Koopman is the top civil servant at the European Commission in charge of the tax cases.

Last month Stack told a Senate committee that the EU executive seemed to be singling out U.S. companies and had no right to go after foreign profits held overseas by the firms.

All the companies have denied wrongdoing. Apple could face a hefty back tax bill as the EU investigation covers a period of up to 10 years.

Google could be the next EU target after the Scottish National Party complained to the Commission about its 130 million pound settlement with British tax authorities. (Reuters)

Source: www.businessworld.ie

More articles from World

image Description

US Multinationals Spend Over €31bn In The Irish Economy Every Year

Read more
image Description

Enterprise Ireland Trade Mission to Gulf Region

Read more
image Description

Asia Matters Business Awards celebrate record €120bn Ireland-Asia trade

Read more
image Description

Aer Lingus launches largest ever Transatlantic schedule

Read more
image Description

American Chamber celebrates 950 US Companies In Ireland

Read more