In essence, the EU’s move against Apple publicly forced the U.S. Government’s hand. By coming so quickly and forcefully to Apple’s aid, the U.S. Government raised the issue of why Apple has not paid its fair share. In response, Apple’s CEO, Tim Cook has apparently decided to repatriate some of the company’s profits over the next few years.
By exerting its comparable taxation authority as leverage, the EU did the American taxpayer a huge favor. Apple and other multinationals will ultimately have to be accountable to the American taxpayers. This turn of events marks a wonderful opportunity to bring the issue of corporate profits repatriation to the political forefront. The bottom line is that companies can no longer afford to do nothing. Now is a great time to start negotiating a better deal for Americans.