Apple: We can’t surrender to Brussels bureaucrats

The big question is: what gives the EU legitimacy in this area?

European Commission headquarters in Belguim Pic: Getty

It really is chickens coming home to roost, with the EU Commission’s shock announcement that Apple owes up to €13 billion in back taxes. Technically, these monies are due to Ireland, but to be ‘shared’ with others. Again, technically, of course, but assuming the money is real, the question is asked: should we stick with our very favourable status as a foreign direct investment (FDI) location and appeal the EU decision? Or should ...