A Tax Expert Takes Tim Cook's EU Letter Apart Point By Point
Cook blasted an EU ruling that Apple used Irish subsidiaries to avoid billions in taxes, but his defense is only one side of the story.
Cook blasted an EU ruling that Apple used Irish subsidiaries to avoid billions in taxes, but his defense is only one side of the story.
Apple's business structure and tax practices in Europe were around long before Tim Cook became CEO. He didn't invent those things, but he's vigorously defending them. His arguments in media interviews sound compelling, but they present only one side of a hot-button issue that's easily relatable to the overarching wealth distribution and fair taxation themes of election cycles in both the U.S. and Europe this year.
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