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Hmm. I'm not sure whether Ireland owes any money to bondholders. If they do, this EU ruling will make it harder for them to negotiate with those bondholders, wh
by OliverJones 10y ago
Hmm. I'm not sure whether Ireland owes any money to bondholders. If they do, this EU ruling will make it harder for them to negotiate with those bondholders, who can say "collect your taxes and pay up."
But, some bondholders are probably the same people who compel American companies with vast cash piles to stash them offshore.
Is this an issue for Irish voters? Their government made a deal that cost them money. If it's OK with the voters, their government can fight the EU on this. Or, if the voters prefer, the Irish government can try to collect from Apple.
After all the posturing is done, they'll probably settle quietly.