Apple CEO Tim Cook spent Tuesday in front of a US Senate committee investigating the company's use of foreign tax havens. He said the company has paid all the taxes it owes.
Ireland will appeal the European Union's order to collect billions in back taxes from technology company Apple. It claims the EU interfered with national tax sovereignty.
European finance ministers are worried. They say the United States' big tax reform bill contains measures that would unfairly disadvantage European business and contravene global fair-taxation rules. Are they right?
Tim Cook has lashed out at the European Commission, saying that an anti-US bias may have played a role in the EU executive's decision to order Apple to pay Ireland 13 billion euros in back taxes.
New relevations about Apple's tax avoidance strategy are making headlines as the Paradise Papers scandal unfolds further. EU finance ministers are due to discuss the issue during talks in Brussels on Tuesday.
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