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Comment Click bait headline! (Score 1) 564

There is no order to pay anything. It is just a directive from EC to Ireland that their deal with Apple is illegal and Ireland should collect "back taxes" from Apple at a rate the EC has determined. It is up to the Irish government to decide how to proceed. This will most likely end up as an appeal and get dismissed silently (like Amazon and Starbucks) or may be with a very small penalty. The statutes that provide tax benefits might change but other incentives would be used to provide the same benefits (as done by Luxembourg and the Netherlands). Or in the worst case, Ireland, Netherlands and Luxembourg could threaten to exit the union. ;-)

For the general folks that are holding euros, watch the forex rates carefully for the next few months. Italy is calling !

EC press release : - http://europa.eu/rapid/press-r...

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