The EU’s ‘overreach’ on state aid has rankled the US tax authority, as Michael Lebovitz (White & Case) reports.
When the EC Competition Directorate injected itself into international tax policy it set off a firestorm that threatens to undermine years of promising work by the OECD the G20 and tax authorities from over 60 countries. To many observers the state aid decisions in Starbucks and Fiat represent a significant overreach by the directorate outside its traditional areas of focus into a subject matter already being addressed by the Commission separately and as part of the BEPS process.
The state aid decisions are particularly troubling to US multinationals and the US government. In testimony before the US Congress Robert Stack Deputy Assistant Treasury Secretary questioned whether the Commission was disproportionately targeting US multinationals. While the Directorate denies this...
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The EU’s ‘overreach’ on state aid has rankled the US tax authority, as Michael Lebovitz (White & Case) reports.
When the EC Competition Directorate injected itself into international tax policy it set off a firestorm that threatens to undermine years of promising work by the OECD the G20 and tax authorities from over 60 countries. To many observers the state aid decisions in Starbucks and Fiat represent a significant overreach by the directorate outside its traditional areas of focus into a subject matter already being addressed by the Commission separately and as part of the BEPS process.
The state aid decisions are particularly troubling to US multinationals and the US government. In testimony before the US Congress Robert Stack Deputy Assistant Treasury Secretary questioned whether the Commission was disproportionately targeting US multinationals. While the Directorate denies this...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
