Pro Analysis

Breakingviews: Apple's tax fight is a problem

Apple Store with customers
Kazuhiro Nogi | AFP | Getty Images

The trickiest question for contemporary capitalism is unpicking the distinction between what's fair and what's permitted. Europe's pursuit of companies like Apple, Amazon and Starbucks for under-paid taxes, and the angry response of the U.S. Treasury on Aug. 24, show the problem, and why there is little prospect of a global solution.