An Apple a day?
Margrethe Vestager is probably not the most famous politician in Europe but she proved yesterday that she could be the most powerful. The EU’s competition commissioner’s decision to penalise Apple for allegedly receiving illegal state aid from Ireland is just the start: there are about 1,000 other companies believed to be on her radar. One big question yet to be resolved is what should happen to the back-tax the EU is demanding Apple to pay. Technically it should go to Ireland but since the nation is also benefiting from this scheme it seems a little strange that it should receive a one-off payment roughly equivalent to its annual health spending. Perhaps it would make more sense for Apple’s penalty to be paid to the other 27 EU nations who have followed the rules and lost out.