Tuesday, August 30, 2016

Europe vs Apple and TTIPS coincidence?

So at the weekend the discussions for an agreement between the Americas (mainly USA) and Europe for a TTIPS Trade agreement failed.
Then on Tuesday in the papers it's announced that the tax break agreement with Apple to do it's trading from Ireland to pay hardly anything in tax, the EU say it was illegal and want 11bln euro tax to be paid for Ireland that they didn't ask!

What does this mean?
1. Europe revenge on the USA trying to sneak a financial blow to American companies as a reverse of what the TTIPS would have done
2. 2 fingers in the air for the UK's pawltry 150 million pounds from back tax and for Brexit
3. Ireland will consider pulling out of the EU due to loss of employment caused by EU.

Whether Ireland get the money and I am sure the EU will ask for it, is another thing!

Beware of the diddlies EU!

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