World

US lawmakers have accused Apple of avoiding paying billions of dollars in taxes there. But the technology giant – which is one of the world’s most valuable company – denies that, saying it is complying with US law and is paying every single dollar it owes. It looks like people with bank accounts in the European Union could be forced to pay too. The European Parliament’s economic affairs committee has voted for a draft law, under which large ... more 

US lawmakers have accused Apple of avoiding paying billions of dollars in taxes there. But the technology giant – which is one of the world’s most valuable company – denies that, saying it is complying with US law and is paying every single dollar it owes. It looks like people with bank accounts in the European Union could be forced to pay too. The European Parliament’s economic affairs committee has voted for a draft law, under which large depositors could lose their savings in order to rescue a troubled bank. The US Federal Reserve chairman has told Congress that the economy still needs support. And that support will continue to come from the central bank’s stimulus programmes. We will discuss all that with Jonathan Ferro from Bloomberg in this edition of Business Weekly. less