Australian Government Wants To Grill Apple And Microsoft On High Prices (AAPL, MSFT)
CANBERRA (Reuters) - Apple Inc has been ordered to appear before Australia's parliament with fellow technology giants Microsoft Inc and Adobe Systems Inc to explain why local consumers pay so much for their products, despite the strong Aussie dollar. Broadening a row between the world's most valuable company and Australian lawmakers over corporate taxes paid on Apple's operations, Apple executives were formally summonsed on Monday to front a parliamentary committee in Canberra on March 22. "In what's probably the first time anywhere in the world, these IT firms are now being summoned by the
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