This is what you get for your EU membership: totalitarianism.
Apple has created thousands of jobs in Ireland, in exchange for leniency on taxes. The Irish government was fine with this arrangement and approved it with open arms. Now the EU anti-trust head, Margrethe Vestager, hailing from Copenhagen, is set to tell Ireland and Apple to fuck themselves by issuing a gigantic fine.
Secretary Lew is meeting with her now, asking that she please stop targeting US companies for regulatory issues that he feels are being done with extreme bias.
Conflict over trans-Atlantic tax practices escalated in February as Lew complained to commission President Jean-Claude Juncker that U.S. firms are unfair targets of state-aid investigations. The Treasury Secretary’s letter came after EU enforcement focused on fiscal pacts Apple, Amazon.com Inc. and McDonald’s Corp. have with Ireland and Luxembourg. The companies all say they acted within the law.
Several months back, Lew said the EU crusade was a “disturbing international tax policy precedents”, claiming it had “serious concerns about fundamental fairness”.
Vestager denies that she’s targeting American companies, unfairly, in spite of that her case load suggesting otherwise. She claimed companies simply needed to ‘play by the rules’ and all would be okay.
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If Lew is so concerned about the EU’s “disturbing international tax policy precedents,” why don’t we change our corporation tax laws here in the U.S. instead? Maybe that would help spur more jobs and not worry about about a clown car un-elected diatribe.
obviously boolish
They should pay it in Euro Penny Coins, deliver it to the EU offices….
this is payback from 240 years ago.