Wealthy multinationals are getting a reality check. They are waking up to a world no longer willing to look the other way while they play the tax dodging game.
The most powerful example is the recent European Commission ruling that Apple owes Ireland $19 billion in unpaid taxes. The tax dispute was the result of the Irish government making a sweetheart deal with Apple that has lasted more than a decade. The money is to be paid to Ireland – a small country of 4.6 million, which could afford to pay every man, woman, and child over $4,000 each.