Apple makes last payment on $16.7 billion in Irish back taxes

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money
Even given Apple's $1 trillion valuation, $16.7 billion in back taxes is a big chunk of money Apple hopes it will get back.
Photo: Jim Merithew/Cult of Mac

Apple has now transferred all €14.3 billion it has been ordered to pay Ireland for back taxes. The cash will stay in an escrow fund while Ireland tries to convince the EU that Apple should get its money back.

This is part of an on-going saga with the EU accusing Ireland of being a tax haven, and Apple caught in the middle.

Why Tim Cook’s open letter about taxes struggles to paint Apple as the underdog

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1984
Who is Big Brother and who's the rebel freedom fighter?
Photo: Apple

With his open letter defending Apple’s Irish tax strategy, Tim Cook positions his company as a sledgehammer-tossing freedom fighter at battle with Big Brother-style EU bureaucracy.

But unlike Cook’s previous missives on LGBT rights and the importance of privacy, this open letter seems unlikely to be met with near-unanimous support. While railing against the EU’s massive assessment of €13 billion euros in back taxes owed by Apple, Cook ignores the facts of the matter — and seems tone-deaf about painting the world’s biggest company as an underdog.