Belfast Telegraph

No bias against US companies over tax deals, says EU Commission

The European Union has rejected concerns raised by the US government that it is unfairly targeting American firms as part of investigations into sweetheart tax deals.

Responding to a US Treasury white paper, European Commission spokeswoman Lucia Caudet said: "EU law applies indiscriminately to all companies operating in Europe - there is no bias against US companies."

The commission has opened tax probes into Apple in Ireland, Starbucks in the Netherlands and Amazon in Luxembourg as part of a crackdown on the practice in which EU governments offer low corporate tax rates to multinationals.

The US Treasury said the investigations could cost American taxpayers if companies are forced to pay higher taxes in Europe because businesses get US tax credits for foreign tax payments.

Ms Caudet added that the EU Commission has been in regular contact with US authorities over the probe and that it "remains available to offer all necessary further clarifications" about European state aid law.

"The commission welcomes that the fight against tax evasion and tax avoidance is high on the political agenda on international, EU and national levels," she said.