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Washington warns of strain on EU economic relationship after Apple ruling

From reuters.com

A European Commission order requiring Apple Inc (AAPL.O) to pay $13 billion euros ($14.5 billion) in taxes on Tuesday drew swift and angry rebukes from the Obama administration and lawmakers in Congress, while re-igniting calls for international tax reform. The U.S. Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic relations could be affected by the stunning decision by the European Commission. Critics in Congress denounced the move as a predatory money grab that would encroach on U.S. government jurisdiction and ultimately add to the federal deficit. The Treasury had previously ... (full story)

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