Posted: 8/31/2016
It has been all over the media that the European Commission just has decided in a tax ruling that Apple owes Ireland $14.6 billion in back taxes for lax tax agreements, which the commission classified as illegal state aid. This is officially called a retroactive tax assessment covering the period 2003 to 2014.
This, and other, similar retroactive tax assessments are a huge scandal and a strong sign of greed on part of the EU Commission.
According to news reports, Ireland is embarrassed and unsure whether to accept this money.
I would suggest, Ireland should decide to refund this money immediately to Apple once it is received.
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