The US lost a bid to help Apple Inc’s court fight against the European Union’s order to pay Ireland a record €13bil (RM61.04bil) in unpaid taxes. The EU’s highest court rejected the US request, its press service said on Twitter on May 17. The EU’s Apple order has reverberated across the Atlantic, triggering criticism from the US Treasury that the EU was making itself a “supra-national tax authority” that could threaten global tax reform efforts. The US is disappointed in the decision to deny its participation in litigation concerning the tax treatment of US companies, a DOJ official said. With no court hearings in sight yet, the EU has been continuing its investigations, including those into the tax affairs of McDonald’s Corp and Engie SA in Luxembourg.

Source: The Star May 18, 2018 05:48 UTC