Washington — Business Roundtable President John Engler today issued the following statement in response to the European Commission’s unilateral decision against Apple:
“The European Commission’s finding against Apple and the Irish government is the latest act of aggression by the EU against a law-abiding U.S. company and sovereign government. It seems that following the law is no longer enough for globally-engaged American companies; a unilateral decision from a European regulator now has the potential to leave them with a ‘retroactive’ tax burden that they were never required to pay in the first place. The European Commission must cease this reckless and dramatic overreach that constitutes a new and dangerous form of protectionism, which will have a chilling effect on global investment across Europe.
“Here in the United States we should do our part, as well, by fixing the flaws in the U.S. tax code. The tax system excessively raises the costs for U.S. companies when they seek to bring profits from foreign sales back to the United States.”
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