Ireland’s Finance Minister Michael Noonan talks about the rise of European populism, the European Union’s tax claim against Apple, Ireland’s tax structure, and potential tax retaliation from the United States. He speaks on “Bloomberg Surveillance.”

We think that the decision [regarding Apple’s taxes] made by the competition commission was the wrong decision. We think it’s based on very fragile, illegal principles and we’re appealing it. And we have very strong grounds for appeal and we have very strong legal advice that we’ll win the appeal. But, beyond that, there’s a process. They kind of constituted themselves as a quasi-judicial, they made a decision, we’re appealing it, and there are two phases to the appeal… and it’ll probably take four years, maybe more.

Direct link to video here.

MacDailyNews Take: Bloated bureaucratic efficiency at its finest.

“It’ll probably take four years, maybe more.” In the meantime: Anyone who decides to set up a business in a European Union member country today is insane.MacDailyNews, August 30, 2016

The EU’s antitrust commissioner, Margrethe Vestager, is a fool.

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