Money talks: Ireland's forbidden fruit
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 30 August 2016
⏱️ 15 minutes
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| 0:00.0 | Do you hear that? |
| 0:05.0 | It might sound like nothing to you, |
| 0:07.0 | but it's actually the sound of nuclear, wind and solar energy. |
| 0:11.0 | At EDF, we're busy generating more British zero carbon |
| 0:14.8 | electricity than anyone to help keep future energy costs down for everyone and |
| 0:19.1 | help cut UK carbon emissions to nothing. Sound good to you? Find out more about our |
| 0:24.8 | zero carbon generation at EDF Energy.com slash helping Britain. |
| 0:28.6 | Hello I'm Anne McElvoy, head of Economist Radio, and you're listening to Money Talks. |
| 0:39.5 | This week we'll be digging deeper into today's big news, the EU's 13 billion euro ruling against the tech |
| 0:45.8 | giant Apple. |
| 0:46.8 | Apple's tax benefits in Ireland are illegal. |
| 0:52.1 | This is an unusual use of that mechanism and that's one of the things that makes it controversial. |
| 0:57.0 | And our free exchange columnist Ryan Avent will be joining us to discuss work, status and technological disruption. |
| 1:03.5 | These programs can get better much faster than humans can improve their skills. |
| 1:08.4 | So even if it's not competition now, maybe in a decade or two. It will begin to be. |
| 1:14.0 | This morning brought bad news for Apple as the EU Commission recommended its highest ever tax penalty, |
| 1:20.0 | advising Ireland to recover a staggering 13 billion euro in what it's termed illegal |
| 1:26.4 | aid. Two tax rulings granted by Ireland have artificially reduced Apple's tax burden for over two decades in breach of EU |
| 1:40.0 | state rules. |
| 1:41.7 | The ruling follows an investigation that's lasted three years and it |
| 1:45.2 | marks a potential milestone in the relationship between the tech giant and the |
| 1:49.3 | European taxman. Joining me now down the line is our special assignments editor Matthew Valencia |
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