Reply to post: Missing the bigger picture...

Tim Cook: EU lied about Apple taxes. Watch out Ireland, this is a coup!

Anonymous Coward
Anonymous Coward

Missing the bigger picture...

The US is opposed to the ruling - wonder why? Because at some point in the not-so-distant future the US is going to give all these multi-nationals a one-time opportunity to repatriate all their overseas holdings for a reduced tax, and then shut down all the loopholes.

If Apple pays Ireland, that's billions the US will never see, and could start a wave of rulings that will see the funds repatriation lottery win for the US turn bust. The US will never let this ruling stand - there's just too much money riding on it. The Europeans will end up with nothing, nada, zilch. Apple, MS, Intel, etc. will return all that overseas money to US banks, and the US government will get its piece - as God intended. Just watch.

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