- Thursday, 29 December 2016
The European Union can play a fundamental role in protecting citizens from the negative consequences of globalisation and the power of multinationals.
READ MORE: The world this week - 20 February 2017
On 30 August 2016, the European competition commissioner, Margrethe Vestager, announced that “Ireland granted undue tax benefits of up to €13 billion to Apple”. Those benefits distorted competition within the European marketplace, and so the European Commission instructed Ireland to recover the unpaid taxes. This announcement ignited a storm of protest from Apple and from the Irish government. It also sparked a wider debate about how multinational companies are taxed and whether some form of tax harmonization is essential to the functioning of Europe’s internal market.