The European Union has been cracking down on companies that it says received special tax deals from countries that are part of the union.
In normal circumstances, a 13 billion euro ($14.5 billion) cash award would make any country ecstatic.
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The European Union's crackdown on corporate tax avoidance has landed on Apple ; its antitrust regulator is demanding that the U.S. tech giant pay Ireland up to 13 billion euros ($14.5 billion) plus interest in back taxes.
Apple will have to pay up to 13 billion euros ($14.5 billion) plus interest in back taxes to Ireland after the European Union found Tuesday that the U.S. technology giant received illegal tax benefits over 11 years.
The Latest on the European Union's decision that Apple must pay billions in back taxes (all times local): 12:45 p.m.
France's trade chief says he wants to ask the European Union to end talks with the U.S. on forging a sweeping trade deal that his socialist government sees as too friendly to U.S. business.
For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their balance sheets.
In one of its last chances to tinker with the president's signature health care law, the Obama administration Monday proposed a series of fixes and adjustments for 2018, when the White House will have a new occupant.
The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs.
Inovio Pharmaceuticals announced Monday it’s launching a ground-breaking clinical trial of a Zika vaccine in Puerto Rico.
Interest rates on short-term Treasury bills rose in Monday's auction, with rates on six-month bills climbing to their highest level since March.
Insurance companies will be required to locate beneficiaries of unclaimed life insurance policies in Illinois and pay them money they're owed under legislation that Gov. Bruce Rauner signed into law on Friday.
Business events and economic reports scheduled for the coming month: All times are Eastern.
Federal Reserve Chair Janet Yellen says the Fed is moving toward raising interest rates in light of a solid job market and an improved outlook for the U.S. economy and inflation.
Top secret tools used by the National Security Agency (NSA) are believed to be have been leaked by a group calling itself the “Shadow Brokers.”
The European Commission is rejecting U.S. Treasury Department complaints that probes into sweetheart tax deals between governments and big companies are hitting U.S. firms hardest.
THE ISSUE: In this angry election year, many American voters are deeply skeptical about free trade — or downright hostile to it.
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more.
California lawmakers voted Wednesday to extend the state's landmark climate change law — the most aggressive in the nation — by another 10 years, resisting fierce opposition from oil companies and other business interests to keep the program alive at least through 2030.