U.S. Treasury or Taxpayers Won't Foot Bill for State Aid Recoveries
2 Pages Posted: 28 Jul 2016
Date Written: July 20, 2016
This letter to the editor of Tax Notes International corrects the seemingly commonly made mistake that any taxes collected against MNCs like Apple in connection with EU State Aid investigations will be borne by US taxpayers. Instead, as this letter makes clear, such taxes will be economically borne by the corporations (e.g. Apple) that pay them.
Keywords: State Aid, FTC, Foreign Tax Credit, Apple, Economic Bearing of Taxes
JEL Classification: H21, H25, K34, E62
Suggested Citation: Suggested Citation