The trickiest question for contemporary capitalism is unpicking the distinction between what's fair and what's permitted. Europe's pursuit of companies like Apple, Amazon and Starbucks for under-paid taxes, and the angry response of the US Treasury on Wednesday, show the problem, and why there is little prospect of a global solution. All sides agree multinationals pay too little tax. Conflict springs from how little, and who gets to decide. European antitrust chief Margrethe Vestager says Apple and its peers were given unfairly advantageous tax deals by Ireland, Luxembourg and ...
Tax and bend
Apple tax fight is two wrongs in search of a right
John Foley Last Updated at August 25, 2016 23:39 IST
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First Published: Thu, August 25 2016. 21:31 IST