France and Germany Prepare Crackdown on Tax Loopholes With Tech Companies Like Apple in Sights

France and Germany are looking to stop tech companies like Apple from exploiting tax loopholes in their respective countries. The loopholes are said to have allowed Apple to "minimize taxes and grab market share" at the expense of Europe-based companies. France will draft and propose a list of "simpler rules" that will be aimed at creating a "real taxation" law for non-European companies, which also include Amazon and Facebook (via Bloomberg). The new rules will be looked at in September during ...