EU Apple Tax Ruling and the Future of European Business

The transcript discusses the economic implications of a European Commission ruling on Ireland and its impact on US-EU relations. It highlights the concerns of US companies, like Fitbit, about investment in Europe. The discussion also covers the potential GDP impact, political pressures on the Irish government, and Tim Cook's response to the ruling. The transcript concludes with a debate on whether Ireland is a tax haven, emphasizing that the case is not about Ireland's corporate tax rate but a specific deal with a company.

What is the initial reaction of US executives to the European business decisions?

• They are planning to withdraw investments.

• They are not too concerned.

• They are extremely worried.

• They are indifferent.

Why does Ireland not want the money back from the tax ruling?

• They believe it will harm their long-term interests.

• They think it will boost their GDP.

• They want to use it for infrastructure.

• They plan to invest it in technology.

What is the potential maximum amount Ireland might have to collect due to the tax ruling?

• $10 billion

• $15 billion

• $19 billion

• $25 billion

What is the US's perception of the European Commission's decision?

• They see it as a fair decision.

• They are indifferent to it.

• They believe it targets US companies.

• They support the decision.

What is the main focus of the tax case involving Ireland?

• Ireland's investment in technology.

• Ireland's GDP growth.

• A specific deal with a company.

• Ireland's corporate tax rate.