Intel Corp (INTC): Speaking of Apple... the EU is trying to...

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chipguy

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Tuesday, 08/30/2016 8:45:21 AM

Tuesday, August 30, 2016 8:45:21 AM

Speaking of Apple... the EU is trying to hit them for $14.5B in "back
taxes".

http://www.investors.com/news/technology/eu-apple-must-pay-ireland-14-5-billion-in-taxes/

The European Union's executive arm on Tuesday ordered Apple (AAPL) to repay 13 billion euros ($14.5 billion) in back taxes plus interest to Ireland, part of a broader crackdown into EU member nations' special tax treatments for big multinationals.

The European Commission ruled that Ireland's tax benefits to Apple amounted to illegal state aid under EU rules.

The executive arm of the European Union Tuesday concluded that Ireland granted undue tax benefits to the U.S. tech giant - which is illegal under EU state aid rules.

yada yada yada big Yankee tech guy pay up big time or else.

Nice to see nothing ever changes in the socialist paradise. I guess
setting up millions of illegal economic migrants in guest housing
isn't cheap. Microsoft, Intel, Google, Apple... who is next?