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EU tax avoidance action could hurt foreign investment: U.S. Treasury
August 30, 2016 / 12:10 PM / a year ago

EU tax avoidance action could hurt foreign investment: U.S. Treasury

WASHINGTON (Reuters) - The actions of European regulators could hurt foreign investment, the U.S. Treasury said on Tuesday after the European Commission ruled Apple must pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government.

A man holds an iPhone 6 in a mobile phone shop in Moscow, Russia, September 26, 2014. REUTERS/Maxim Shemetov/File Photo

“The Commission’s actions could threaten to undermine foreign investment, the business climate in Europe, and the important spirit of economic partnership between the U.S. and the EU,” a Treasury spokesperson said on Tuesday.

Reporting by Jason Lange; Editing by Chizu Nomiyama

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