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US Government Seeks To Intervene in Apple's EU Tax Appeal (reuters.com)
The U.S. government has sought to intervene in Apple's appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, Reuters is reporting. From a report: iPhone maker Apple took its case to the Luxembourg-based General Court, Europe's second-highest, in December after the European Commission issued the record tax demand saying the U.S. company won sweetheart tax deals from the Irish government which amounted to illegal subsidies. The decision was criticized by the Obama administration which said the European Union was helping itself to cash that should have ended up in the United States. The Trump administration, which has tentatively proposed a tax break on $2.6 trillion in corporate profits being held offshore as part of its tax reform, has not said anything in public about the case.
Unless Europe is breaking any treaties, America can't do shit to this European incorporated company except pay it's tax bill. If America tries to retaliate they'll open up a full on trade war with Europe. Europe is very much anti-American/anti-Republican/anti-Trump right now. It's politicians would love nothing more than a demonstration of them sticking it to the yanks. It's guarantee them elections for the next 10 years. So bring it on. Somehow I doubt Apple is going to stope trading in Europe. Although it's 256B war chest might get a bit smaller.