Apple Files 14-Point Appeal Against European Commission's $14 Billion Tax Edict (appleinsider.com)

An anonymous reader shares an AppleInsider report: Apple has filed its appeal with the European court of appeals, all declaring that the European Commission's decision to levy $14 billion in taxes on Apple on behalf of the EU is erroneous, against the rule of law, and should be stricken. The 14 points of appeal introduced by Apple on Monday challenge the European Commission (EC) on several fronts. Primarily, Apple contests that the Cork, Ireland, headquarters of Apple's European wing was properly set up, in accordance with all regulations and laws. Additionally, other apparent accounting blunders by the EC while making its decision were brought up as well. Apple points out that the taxable income attributed to the Ireland branch was misapplied, giving more weight to the Irish operation than it should, and that back taxes were being applied to worldwide profits.

Comments

Third Path

[SuperKendall]

3. Apple pays Ireland seven billion dollars to leave the E.U.

Or you can think of any variant you like of "what can Apple do with up to fourteen billion Euros that would cause the E.U. to back off".

As the old saying goes: Billions for defense, but not one cent for tribute!