“European Competition Commissioner Margrethe Vestager said on Tuesday she would no longer be able to finalize investigations into tax treatment for Apple, Starbucks, Fiat and Amazon in the second quarter as planned,” Foo Yun Chee reports for Reuters.

Vestager told lawmakers in the European Parliament:
It is clear that obtaining information is both challenging and time consuming. We do not necessarily get the information the first time or the second time. Therefore we will not meet the first deadline to be done by the end of the second quarter. We will do our best… I will not give deadlines for the finalization of these cases.

Read more in the full article here.

MacDailyNews Take: In Apple’s case, it’s particularly “challenging and time consuming,” since the company simply followed the law when paying their taxes:

There was no special deal that we cut with Ireland. We simply followed the laws in the country over the 35 years that we have been in Ireland. If the question is, was there ever a ‘quid pro quo’ that we were trying to strike with the Irish government – that was never the case. We’ve always been very transparent with the Irish government that we wanted to be a good corporate citizen… If countries change the tax laws, we will abide by the new laws and we will pay taxes according to those laws. – Apple CFO Luca Maestri

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