The European Union's top competition regulator stood by her decision to demand more than $14 billion in tax repayments from Apple Inc. and tweeted that she may investigate other major U.S. companies, ahead of meetings with officials in Washington.
Margrethe Vestager, the EU's commissioner for competition, met Monday with U.S. Treasury Secretary Jacob J. Lew; Federal Trade Commission Chairwoman Edith Ramirez; Senator Orrin Hatch of Utah, chairman of the Finance Committee; and other key lawmakers.
Hatch said Vestager failed to make “an effective case for this highly politicized ruling rooted in an erroneous interpretation of law.”
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.