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Tax and bend

Apple tax fight is two wrongs in search of a right

John Foley 

John Foley Thetrickiestquestionforcontemporarycapitalismisunpickingthedistinctionbetweenwhat'sfairandwhat'spermitted.Europe'spursuitofcompanieslikeApple,AmazonandStarbucksforunder-paidtaxes,andtheangryresponseoftheUSTreasuryonWednesday,showtheproblem,andwhythereislittleprospectofaglobalsolution. Allsidesagreemultinationalspaytoolittletax.Conflictspringsfromhowlittle,andwhogetstodecide.EuropeanantitrustchiefMargretheVestagersaysAppleanditspeersweregivenunfairlyadvantageoustaxdealsbyIreland,Luxembourgand ...

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First Published: Thu, August 25 2016. 21:31 IST
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