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EU's Apple Tax May Be a Boon for the U.K.

  • Unshackled U.K. could lure tech companies away from Ireland
  • Decision shows bloc’s reach over world’s richest companies
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Is Apple’s Effective Tax Rate in Ireland Justified?

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Just when you thought the European Union was down, it’s delivered a blow that shows you can’t count it out.

In taking a bite out of Apple Inc., the beleaguered bloc has gone where the U.S. feared to tread and demonstrated that it still has clout when it comes to taking on corporate giants. The move is a powerful reminder to the U.K. that in patrolling the terms of access to its half a billion consumers, the EU punches its global weight.