Apple's Irish Taxes Are the U.S.'s Problem

The EU has revealed the details of Apple's tax deal with Ireland. It would be wrong for the U.S. to expect European bureaucrats to solve the problem.
Location, location, location.

Apple's relationship with Ireland, where it receives much of its profit, was always a mystery: The world's most valuable company had clearly made some sort of deal to pay as little tax as possible, but the details of that deal had never been revealed -- until today. Revealing as they are about Ireland's practices, they require action primarily from the U.S.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.