Silicon Valley Asks Netherlands to Resist EU Tax Crackdown
August 31, 2016
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Tuesday, the EU told Ireland it must force Apple to pay back $14.5 billion in unpaid taxes, drawing anger from both sides since the ruling could harm future investments. In light of that, other situations involving the EU and US companies have come to the forefront again.
The Dutch press printed a letter from a group representing Silicon Valley companies, asking The Netherlands to resist a change in their tax system to accommodate the EU's horrific tax system and a new UK tax that aims "in part at making technology groups that book sales offshore pay more in tax."
A change could lead to these U.S. companies abandoning The Netherlands for other places.