Lew says Ap­ple’s tax fight could spur Congress to act

Baltimore Sun - - WORLD - —As­so­ci­ated Press

U.S. Trea­sury Sec­re­tary Ja­cob Lew on Wed­nes­day crit­i­cized a Euro­pean rul­ing that Ap­ple owes more than $14.5 bil­lion in back taxes. But he said the de­ci­sion may spur Congress to fi­nally ad­dress the stalled ef­fort to re­form Amer­ica’s cor­po­rate tax struc­ture. Lew said that while the Obama ad­min­is­tra­tion has failed in its ef­forts to get tax re­form through Congress, he be­lieves the un­hap­pi­ness ex­pressed by both Democrats and Repub­li­cans fol­low­ing Europe’s an­nounce­ment on Tues­day could push Congress to act. The Euro­pean Com­mis­sion ruled Tues­day that Ap­ple must pay roughly 13 bil­lion euros ($14.5 bil­lion) in back taxes plus in­ter­est for what Euro­pean au­thor­i­ties ruled were un­paid taxes ac­cu­mu­lated over a decade. Lew­said that he saw Europe’s ef­fort as “an at­tempt to reach into the U.S. tax base to tax in­come that ought to be taxed by the United States.”

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