Apple and Google face off against the EU
 

Apple, Google, McDonald’s and IKEA are being hauled before the European Commission to explain their dodgy but legal tax deals.

EU lawmakers are expected to twist a few thumbscrews on multinationals to pay more tax on their profits locally.

The hearing, organized by the European Parliament’s tax committee, follows a similar event in November last year when Anheuser-Busch InBev, HSBC, Google and eight other companies were quizzed on the same subject.

While the committee has no power to order changes but the hearing reflects the political concerns over multinationals avoiding local tax liabilities and might call for EU action.

http://www.techeye.net/business/appl...against-the-eu