The European Commission's Ireland/Apple Decision, Tim Cook's Blistering Response, Google Is Going After Uber
Today's Above Avalon stories:
The European Commission's Ireland/Apple Decision
Tim Cook's Blistering Response
Google Is Going After Uber
We begin today's update by going into detail about the European Commission's decision regarding Ireland giving illegal state aid to Apple. We go over near-term and long-term Apple implications, including how the decision relates to Apple's current tax rate, accrued taxes, and overall EPS. The email then turns to Tim Cook's response to the European Commission. I also share my view on this entire situation involving Ireland, Apple, taxes, and the EU. The email concludes with a closer look at how Google is going after Uber in the U.S. by expanding its Waze carpooling service. I share my thoughts on the move and the major themes becoming visible in the transportation industry in recent months.
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