Why Apple's loss is the world's gain
The tax battle between Apple and the European Commission can seem abstract, especially if you've actually read the EC competition arm's explanation of why it is demanding Apple pay $14.5 billion of back taxes.
How exactly did Apple create a company with no employees, no office and no country of registry? Why did Ireland rule not once, but twice, that such a setup was legal? Why doesn't Ireland want to collect the money the European Commission says it should have received in taxes up to 2014?
But beyond these particular questions, there's a much bigger and more important dynamic playing out.… Seguir leyendo »