August 31, 2016

Dan Sanchez on the Apple Tax Debacle

By In C.Jay Engel

1*dmZlVLiyxE8q8_EFcwZEWwDan Sanchez has some great thoughts, as always, on Apple and Ireland here. Snippet:

[The] European Commission slapped Apple with a $14.5 billion bill for back taxes, ruling that Ireland had violated European Union rules by taxing the technology company at such a low rate. But the Irish government doesn’t want the money! It had promised the low rates back decades ago to entice Apple to set up and keep shop in Ireland, bringing the struggling country desperately needed jobs and economic growth. The government is worried that if it reneges on that deal, it will risk driving off the geese that lay the golden eggs: Apple, and other businesses as well.

But no, insists the European super-state: sustainably prudential parasitism is not an option. The Irish government must join the rest of the Union in recklessly bleeding its private sector hosts dry until the whole system collapses under its own dead weight.

Written by C.Jay Engel

Editor and creator of The Reformed Libertarian. Living in Northern California with his wife, he writes on everything from politics to theology and from culture to economic theory. You can send an email to reformedlibertarian@gmail.com