Thursday 8 December 2016

Our sweet deal for Apple leaves bitter taste for taxpayers

Published 10/09/2015 | 02:30

Apple CEO Tim Cook iunveiling the Apple Watch
Apple CEO Tim Cook iunveiling the Apple Watch

Some good news. Europe, which told Ireland to make payments to bondholders despite no legal obligation to do so, may be on the brink of giving us a financial break. We could be in line to collect a windfall from Apple. Hurrah!

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No, wait, cancel the good news. It's premature to start cheering. The Irish State doesn't want any back taxes from the US multinational, especially not billions of euro dating as far as 2004.

In fact, if Europe insists, the Irish State has said it will go to the European Court of Justice to withstand this intolerable attempt to press money on us. You hang on to your mega billions, Apple. We'll put manners on those eurobullies for you.

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