“European Union finance ministers are lining up to get a slice of Apple’s tax revenue following a controversial ruling last month by the European Commission, which found the US technology giant had vastly underpaid its corporate taxes for more than a decade,” Deutsche Welle reports.
“Dutch Finance Minister Jeroen Dijsselbloem appeared to be first in line, warning Apple on Saturday to ‘get ready’ to pay up. His comment came after a two-day meeting of his EU counterparts in the Slovak capital, Bratislava,” DW reports. “His British counterpart Philip Hammond concurred, saying the EU was keen ‘to make sure that international corporations pay the right tax at the right place.'”
“Other EU countries, including Austria, Italy and France, are following the case closely, and expressing interest in a possible payout,” DW reports, “according to Austria’s Finance Minister Hans Joerg Schelling, who spoke on the sidelines of the two-day summit.”
Read more in the full article here.
MacDailyNews Take: This is great because government almost always spends money so much more wisely and efficiently than those who earned it.
(read as if you’re drowning in an ocean of caustic sarcasm)
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