Lawmakers enjoy been tedious to agree to laws that would close loopholes like the one Apple used in Ireland. And the American public pays the priceThe international tax system is only as strong as its weakest link. This is the clear message that the European Commission sent on Tuesday when it announced that Apple will enjoy to repay as much as €13bn ($14.5bn) in back taxes due to illegal Irish tax breaks it has received.
Tax justice advocates across the globe lauded the decision as a expansive step toward tax fairness. Unfortunately,an immediate critical response from US lawmakers, coupled with a slick and disingenuous public relations play from Apple CEO Tim Cook, and suggests that American taxpayers will probably continue to pay the price for Apple’s tax dodging for some time to come. This is a shame,because the commissions goal of ending tax haven abuse is one in which the United States should, and ultimately must, or be a full participant. Related: Apple must now pay its taxes. This is a vindication of protest | Owen Jones Continue reading...
Source: theguardian.com