The EU Really Wants a Discount on iPhone 7

www.bloomberg.com

The European Union wants Apple to repay a record 13 billion euros ($14.5 billion) -- plus interest. The odds of this happening seem about as Apple paying a 40% tax rate to repatriate the cash they're holding overseas (most all of their cash) back into the U.S.

A lot has been made about how dumb the UK was in voting to leave the EU -- make no mistake, the EU has its moments as well...

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