Senate Finance Committee Chairman Orrin Hatch today released the following statement regarding the European Commission’s ruling in the Apple state aid investigation:
"Any ruling that is inconsistent with international tax standards and harms American business abroad with retroactive measures is inherently unfair and encroaches on U.S. tax jurisdiction. Further examination of today's ruling is needed, but it appears the European Commission has issued an extraordinary decision that targets U.S. business by rewriting already existing tax policies. That stakeholders have already announced that they will act swiftly to appeal makes this questionable at best."
Source: Ranking Member’s News
