USA: State Aid? We Beg to Differ!

Presstv recently reported:

“US blasts EU over ‘bias’ in tax probe of American firms

The United States has denounced European Commission for its ‘unfair’ probe of American companies in EU’s tax investigations.

Robert Stack, the US Treasury official in charge of international tax policy, visited Brussels on Friday to express Washington’s fears about bias in the commission’s high-profile tax investigations, according to the Financial Times.


This issue is highly divisive because public and political anger is growing on both sides of the Atlantic that US multinationals have mastered the art of accumulating vast stockpiles of largely untaxed international earnings.

However, the US Treasury argues that most of this money is simply deferred and will have to be repatriated for taxation in the US, although there is no precise timetable for this.”

The complete article is available here.

Slowly but surely (battle) lines are quietly being drawn…

Robert Robillard, Ph.D., CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at”

The convergence of DRTP Consulting’s tax, accounting and economics expertise makes a difference. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from DRTP Consulting Inc. as required.

Posted by drtp On 4 February 2016