Description: Many of us have heard of the European Commission’s decision that Apple should repay over $14 billion in taxes and interest. The Commission ruled the Irish government’s arrangement with Apple was illegal state aid. This put new attention on the issue of global companies chasing favourable tax rates. Perhaps Austria’s Chancellor captured the feelings of citizens best with his notion that a sausage stand would pay more tax than Starbucks or Amazon.
Date: September 2, 2016
Source: theglobeandmail.com
Discussion Points:
1) Have you followed this Apple tax story?
2) What is your opinion about this case? Do you think that this tax strategy can hurt the Apple brand?
3) How can companies use transfer pricing to reduce their tax bills?
Leave a Reply