Brussels has delivered a nuclear weapon into heart of our economy
If I was not Irish, I think I would applaud the ruling against Apple by the European Commission. In general, I'm a supporter of lower taxes but I also believe that everyone should pay their fair share, whatever that may be. The same goes for companies. Apple does not pay its fair share in my opinion.
Apple isn't alone in this, of course. Samsung, its biggest rival in the smartphone market, also tries to pay as little tax as possible.
According to information from Senator Rob Portman, given when Apple boss Tim Cook appeared before a US Senate committee in 2013, Samsung pays an effective tax rate of around 7pc on its worldwide profits.