As most of you know, colossal corporations often face tax problems, and whether they’re deliberately avoiding tax or not is always a point of speculation and debate. In recent news (as of a few days ago), Apple has been slapped with an undue tax bill by the European Union (EU), insisting that they pay more than €10 billion in back taxes to Ireland. Crazy, or not? The EU states that giving tax benefits to selected companies is illegal under EU state aid rules, but Apple CEO, Tim Cook, says that the company “follows the law and pays all the taxes we owe”. So, what’s the fuss about and why should we be worried? The Story It all started in 2003, when it was revealed that Ireland granted Apple tax benefits through an effective corporate tax rate that was 1%, and..

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