New York Times: U.S. and Europe May Collide on Taxing Apple and Amazon

The rulings on Amazon and Apple — which those companies are disputing — are byproducts of a race among governments to lure corporate giants to their shores in the hunt for new sources of revenue. That cutthroat competition is the reason that 73 percent of Fortune 500 companies have a subsidiary in a low-tax haven, according to the Institute on Taxation and Economic Policy. (Their latest report, done in conjunction with the United States Public Interest Research Group Education Fund, was released on Tuesday.) Read more