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EU vs corporations
20/9/16 16:37![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
mahnmut.livejournal.com185 CEOs of the largest US companies have petitioned the major EU leaders to oppose a Brussels decision that Apple should pay well over 14 billion euro of taxes to Ireland, after having used tax-evading techniques. The corporations believe this EC decision is a "self-inflicted wound" and "total political crap" that would hurt the European economies (sounds very TTIP throat-shoving style to me... secret commerce courts, anyone?)
The CEOs of Caterpillar, Xerox, Honeywell, Lockheed Martin, Dow Chemical, Walmart, ExxonMobil, AT&T, GE, JPMoran et all, are citing the supremacy of law, and are saying they oppose unilateral decisions of this sort (the EC decided Apple should pay Ireland the money because it essentially constituted illegal state subsidy for the 2003-2014 period. Merkel has already expressed concern that the decision will affect investments in the EU, but many other EU leaders support the penalty (the French finance minister for instance has said it's "completely legitimate").
( The corporations are concerned, concerned I tell ya! )
The CEOs of Caterpillar, Xerox, Honeywell, Lockheed Martin, Dow Chemical, Walmart, ExxonMobil, AT&T, GE, JPMoran et all, are citing the supremacy of law, and are saying they oppose unilateral decisions of this sort (the EC decided Apple should pay Ireland the money because it essentially constituted illegal state subsidy for the 2003-2014 period. Merkel has already expressed concern that the decision will affect investments in the EU, but many other EU leaders support the penalty (the French finance minister for instance has said it's "completely legitimate").
( The corporations are concerned, concerned I tell ya! )
