Monday, April 04, 2016

Apple’s tax affairs spark a transatlantic face-off

Apple Computer Logo rainbow
( To remind herself that she will always upset someone with her rulings, Margrethe Vestager keeps a ceramic hand with a raised middle finger on her desk. It was sent to her by an angry trade union during her time as economy minister of Denmark.

Since she became the EU’s competition enforcer in late 2014, those irate adversaries have only become more powerful. She is now facing a showdown with the world’s richest company and most powerful government.

On January 21, Apple’s chief executive, Tim Cook, made a personal appeal to Ms Vestager in Brussels. His aim was to deflect her from issuing a ruling against the technology company’s tax arrangements in Ireland, suspected of saving the company billions in international tax payments.

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