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E-Commerce Times: "Europe Duns Apple for $14.5B in Illegal Tax Breaks"

08/31/2016 News Release Image

E-Commerce Times: "Europe Duns Apple for $14.5B in Illegal Tax Breaks"

. . . The EU's decision could have a destabilizing effect on Europe, warned Darren Hayes, an assistant professor at Pace University.

"The EU risks setting a precedent where other U.S. companies may relocate to non-EU countries, which have more favorable tax incentives, thereby driving up unemployment at a time when economic slowdown continues for many EU members," he told the E-Commerce Times.

"All nations create their own tax incentives, including the USA, and therefore this move will be seen by many as counterproductive," he said, and it "creates tremendous risks to Ireland and other EU members."

Read more: http://www.ecommercetimes.com/story/Europe-Duns-Apple-for-145B-in-Illegal-Tax-Breaks-83856.html