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.
Apple to testify about EU tax deals
By Dan Pye
Dan Pye was a news editor at iLounge. He's been involved with technology his whole life, and started writing about it in 2009. He's written about everything from iPhone and iPad cases to Apple TV accessories.