New ‘tug of love’ over Apple’s €13bn
The new US corporate tax regime which is set to be implemented on January 1 will heighten the “tug of love” between Brussels and Washington over the €13bn in back taxes Apple owes Ireland, a leading tax expert has predicted.
Joe Tynan, head of tax at PwC, said the sweeping changes to the US corporate tax code that President Donald Trump’s White House will implement next month — earlier than seemed feasible a few weeks ago — will heighten the clashes between Europe and US over who should tap the international taxes earned by US multinationals overseas.
