Rotten Apples...

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Apple Corporation employ an army of professional tax specialists who earn their keep by contriving corporate structures to feed Apple profits from trading around the World (including the EU … including the UK – for now) thru Ireland – which has a near nil tax rate on such profits.

 

The EU has now ruled that this is illegal and has demanded some £ 11 Billion (£11,000,000,000 to you and me) from them.

 

So Apple Corporation; and the US Authorities; are currently in the act of spinning arguments as to why this is unfair.

They will likely next spend treasure on even more expensive professional awyers to challenge the decision.

And continue their spinning.

 

But… they are simply wrong.

Such practices are evil.

 

And the same goes for other Large Corporations that act in a similar way.

However good their product or service may be.

And in whichever Country their domicile is based (including the UK)

 

Their behavior is pure greed which the World cannot afford.

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