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U.S. Senate Finance Committee Requests that Treasury Caution the EU Commission on EU State Aid Investigations Impacting U.S. Companies

20 January 2016

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United States-European Union

On 15 January 2016, U.S. Senate Finance Committee members sent a letter to Treasury Secretary Jack Lew urging him to increase efforts to caution the EU Commission to avoid imposing retroactive results from State aid investigations on U.S. companies. The following is a release posted on the Finance Committee site. --- WASHINGTON – In a letter to Treasury Secretary Jack Lew today, Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.), and Committee members Rob Portman (R-Ohio) and Chuck Schumer (D-N.Y.) warned the European Union’s (EU) state aid investigations could lead to retroactive taxation on multinational enterprises...