An EU ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rules and was not a decision aimed against the United States, European Commission President Jean-Claude Juncker said on Sunday. Apple's Chief Executive Tim Cook last week described the ruling as "total political crap", but France and Germany have come out to back Brussels on the decision. Juncker said EU Commission investigations on taxation had mainly targeted European companies. Juncker's remarks appeared designed to reassure U.S. lawmakers, who have bickered for years over the treatment of off-shore income but now fear that the European Commission move would mean more profits earned by U.S. corporations flowing into European tax coffers. "This is not a decision against the United States of America," said Juncker.

Source: Thanhnien News September 04, 2016 07:07 UTC