The European Commission’s position on the taxing of U.S. technology firms is clear, writes Joe Kennedy in Entrepreneur. The organization believes that those companies’ European tax liabilities should rise, even if their worldwide tax payments do not. This represents a direct threat to U.S. tax revenues. The federal government needs to aggressively fight this revenue grab and insist on compliance with existing tax treaties and transfer-price regulations. Otherwise, U.S. taxpayers will end up losing a lot more.
