atans1

US tech giants in war with EU and BIC

In China, India on 01/09/2016 at 3:48 pm

As Apple “rages” over its13bn euros tax demand from the European Commission, the US Treasury is warning that the ruling against Apple “could threaten to undermine foreign investment, the business climate in Europe, and the important spirit of economic partnership between the EU and US”.

Earlier this yr NYT Dealbook reported

Why the World Is Drawing Battle Lines Against American Tech Giants. European efforts to rein in the largest American tech companies are only a taste of what countries like Brazil, India and China are likely to do.

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