US concerns over EU state aid investigations and inversions

The US House Ways and Means Subcommittee on Tax Policy alongside the Senate Finance Committee held hearings on 1 December on international tax covering: the implications for US tax policy and US-based companies of the outcome of the OECD’s BEPS work EC state aid investigations and ways to successfully deter the growing trend of tax inversions. Robert Stack US Treasury deputy assistant secretary for international tax affairs told the hearings that imposing tax retroactively in EU state aid cases would be unfair and that the US Treasury had not yet decided whether taxes recovered by EU...