When we wrote last month that Margrethe Vestager was turning the European Union into “a banana republic on high-speed rail” for imposing retroactive tax hikes, even we didn’t appreciate the lengths to which the EU’s antitrust czar would go to prove the point. Ms. Vestager is now suggesting she’ll paint a regulatory target on American companies lobbying against her on tax policy. At issue are Ms. Vestager’s claim that low tax rates are illegal state aid under European antisubsidy rules. Her goal is to do an end run around...

Source: Wall Street Journal September 21, 2016 22:52 UTC