Apple will start paying $21B in back taxes to Ireland
It&#x27;s weird that the EU has a monetary union, but so much difference in corporate income tax rates.<p>Great that IE is 12%, but this &quot;competition&quot; is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago:<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Post-2008_Irish_banking_crisis" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Post-2008_Irish_banking_crisis</a><p>It&#x27;s a leak in the EU system, and it needs to be plugged.<p>Just imagine what a unified income tax rate in the EU would do. (Post-Brexit, although if I were a gambling man, I&#x27;d wager that the Brexit will never materialize; A Brexit would sort of be like throwing out your existing post-ww2 source code instead of refactoring. Recipe for disaster).<p>THEN countries would really need to compete on quality of life and infrastructure to attract (US) corporations to establish show. Amsterdam is happy to welcome all the post-Brexit (see comment above) banks and EU-related orgs, as is Frankfurt.