“Sinn Fein has this message for bankers concerned that the party’s rise could threaten the nation’s economic recovery: relax. Analysts from Goldman Sachs Group Inc to Commerzbank AG have said the party’s policies and the possibility it may play a role in government following the upcoming election could derail a recovery from the worst recession in the nation’s modern history,” Joe Brennan reports for Bloomberg. “‘We don’t want to scare off investors and we wouldn’t,’ the party’s finance spokesman Pearse Doherty, 38, said in an interview in a Dublin hotel opposite parliament on Tuesday. ‘We need to have wealth generated in the country.'”

“With an election due within three months, Irish Prime Minister Enda Kenny is seeking to portray the campaign as a battle between stability and chaos, represented by Sinn Fein and other left-wing parties,” Brennan reports. “In an interview on Thursday in Davos, Kenny said that Sinn Fein in power could ‘devastate’ the economy, and in March, Goldman Sachs compared the party’s policies to those of anti-austerity Greek party Syriza.”

“In government, Sinn Fein may pursue Apple for the taxes it could owe Ireland should the European Commission find against the company and the government in an ongoing probe, Doherty said. Apple has denied any wrongdoing,” Brennan reports. “Kenny’s administration is ready to fight any adverse decision. The world’s largest company could owe more than $8 billion in back taxes as a result of the investigation, according to Bloomberg Intelligence.”

Read more in the full article here.

MacDailyNews Take: The total political crap continues unabated. Whoopie!

Apple may face $8 billion bill for back taxes after European Commission probe – January 15, 2016
Apple to pay $348 million to settle Italy tax fraud case – December 30, 2015
Apple CEO calls corporate tax rap ‘total political crap’ – December 18, 2015
Think Ireland’s corporate tax is unfair? Wave goodbye to Apple and thousands of jobs if it’s changed – November 14, 2015
Apple announces 1,000 new jobs in Ireland as EU tax ruling nears – November 11, 2015
Apple avoids $59.2 billion U.S. tax bill – October 7, 2015
U.S. companies now have $2.1 trillion overseas to avoid corporate taxes – March 4, 2015
Intel CFO: Obama repatriation tax proposal ‘lipstick on a pig’ – February 4, 2015
Businesses hopeful Republican control of U.S. Congress will break tax-reform gridlock – November 5, 2014
Ireland’s Prime Minister: Apple has nothing to fear from end of ‘Double Irish’ tax avoidance strategy – November 4, 2014
Not in Taxes anymore: On site at Apple’s famous Irish ‘headquarters’ – November 2, 2013
Regan: U.S. tax code spurs loveless foreign corporate ‘marriages’ – May 13, 2014
Ireland to close Apple’s tax loophole, but leave bigger one open – October 15, 2013
G20 think tank OECD proposes blueprint for global crackdown on tax avoidance – July 19, 2013
Thomas Sowell on Apple, corporate taxes, and ‘the road to serfdom’ – May 28, 2013
Taxing Apple just taxes you – May 24, 2013
Don’t tax Apple, tax its shareholders – May 24, 2013
If Apple paid more tax, we might pay less or something – May 22, 2013
Apple CEO Tim Cook pounds another nail into the Keynesian coffin – May 22, 2013
Apple CEO Cook makes no apology for company’s tax strategy – May 22, 2013