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EC Commissioner for Competition Margrethe Vestager is also investigating Amazon's tax treatment and has raised questions about Alphabet's settlement with the U.K. government
Political pressure and a low standard Irish tax rate should limit the damage done by the EU's crackdown. U.S. taxes on offshore profits are a bigger problem.
Apple was ordered to pay $14.5 billion in back taxes dating back to 2003. Jim Cramer is sticking with the stock.
Apple was ordered to pay $14.5 billion in back-taxes dating back to 2003 following a two-year investigation by the EU.