Apple: You can have taxes or you can have jobs, but you can't have both

August 30, 2016 11:54 AM

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Apple created a head office that did not exist: "This 'head office' had no operating capacity to handle and manage the distribution business, or any other substantive business for that matter. ... The 'head office' did not have any employees or own premises."

Perhaps the most serious part of Vestager's case against Apple is the way it contradicts Apple's longstanding assertion that it does not pay corporation taxes in the US because its foreign (i.e. non-American) revenues are reinvested in the foreign territories that earn them. Apple's annual report ha...

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