TIME

Apple’s $14.5 billion tax spat signals a world of uncertainty for big corporations

CEO Tim Cook pushed back, writing, “The European Commission has launched an effort to rewrite Apple’s history in Europe . . . and upend the international tax system.”

EVER HEAR OF A DOUBLE IRISH? It’s not a drink but one of the controversial tax strategies that help some American companies keep profits abroad at lower rates. Such strategies are at the heart of the Aug. 30 ruling by the European Union demanding that Ireland claw back $14.5 billion in allegedly unpaid taxes from Apple, the world’s most valuable tech

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