Apple to testify about EU tax deals

Apple will testify tomorrow before European Union officials, defending the company’s tax deals in Europe as lawmakers increase pressure on multinationals to pay more taxes on local profits, Reuters reports. While the European Parliament tax committee holding the inquiry has no power to order changes, the hearing reflects growing discontent over large companies avoiding local tax liabilities. Google, McDonald’s and IKEA will also take part in the hearing, while Starbucks and Fiat turned down the invitation over on-going legal squabbles with the EU over taxation. Apple’s tax deal with Ireland is still under EU review, but the company has repeatedly stated that it complies with all EU tax rules.

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