25.11.2013 22:35 Uhr, Quelle: The Unofficial Apple Weblog

EU hoping to close off corporate tax loopholes utilized by Apple and others

To say that Apple's off-shore tax practices came under scrutiny in 2013 would be an extreme understatement. Though the tax minimization schemes Apple employs overseas are no different than those used by other multinational corporations, the spotlight in typical fashion seemed to shine exclusively on Apple. That being said, Reuters is reporting that the EU is taking a closer look at how U.S. corporations like Apple use what can sometimes be a complex maze of subsidiaries to reduce their overall tax liability. The European Commission will attempt to close a loophole that allows companies to cut their tax bill,

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