Quote:This story kind of caught my eye and wonder what other people's thoughts are about it.  To me it looks like a money-grab from the EU and could very much fall on the taxpayers in this country.  This brings up a couple of points.  First, our corporate tax rate is too high and forces businesses to move a lot of jobs out of the country.  Second, if Apple is forced to pay the money, they can deduct that expense from the corporate taxes paid here in the U.S.

 

Here are a couple of articles for reference.

 

EU hits Apple with $14.6 billion tax bill (CNN Money)

 

US taxpayers could end up covering Apple's back taxes in Ireland (Yahoo Finance)

 

Nobody forced Apple to have operations in Ireland where they have a deal that makes their effective tax rate basically 0.  That's fine that Ireland is willing to play ball and create jobs, ect. but then Apple is able to turn around and send the products back here to our country and reap the benefits of our market.  It's kind of a cheap trick to maximize profit... but hey, everybody is doing it.  

 

I think this tax decision by the EU will likely be overturned after an appeal.  Even if they are forced to pay, I dont think it will have much affect on the American tax payer.  The headline I think is misleading.  It sounds as if the government will bailout Apple with taxpayer funds to pay the tax. It's more of an indirect impact.

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