It’s Simply a Matter of Creative Accounting

From WaPo: “European authorities ruled Tuesday that Apple owes more than $14.5 billion in back taxes after striking a sweetheart deal with Ireland that allowed the tech giant to underpay for more than a decade.” (Luckily, in the time it took you to read that lede, Apple made about $14.5 billion.)

+ So wait. The EU says Apple owes Ireland taxes. And Ireland is on Apple’s side of the fight? Here’s Fortune on why Ireland doesn’t want Apple’s money. (Apple should acquire Ireland.)