US 'hits out at EU tax probes'

The United States has attacked high-profile EU tax probes into American companies as unfair and encroaching on the US government's right to tax them, the Financial Times reported Saturday. The European Commission has cracked down hard on companies, including US icons such as Apple, Starbucks and Amazon, who worked out arrangements with EU member states allowing them to slash their tax bills. EU Competition Commissioner Magrethe Vestager has made a point of testing these "tax rulings," which are