US Treasury Chief Denounces Europe's Tax Ruling Against Apple

U.S. Treasury Secretary Jacob Lew on Wednesday denounced the European Union's decision to order technology giant Apple to pay Ireland $14.5 billion in back taxes, saying the United States ought to be the beneficiary of the success of the world's most valuable company. "I have been concerned that it reflected an attempt to reach into the U.S. tax base to tax income that ought to be taxed in the United States," Lew said of Tuesday's ruling by the EU's antitrust...

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