Government’s primary concern of equalising taxes and enforcing a fair tax regime needs to resolve pending issues, but it has instead escalated other unexpected tension about retrospective taxes than resolving the issue of fair tax policy. EU, and Ireland had sought to provide equal opportunities to all Euro nations, but it seems as though the benefit is polarised and expanded only to Ireland, which it is now seeking to recall. Likewise, the US too is debating to introduce a lower tax rates to repatriate foreign income to be used for domestic development, but in doing so, it has created large amount of foreign income to remain foreign and not earn the benefit of taxing them, though at a lower rate.
There is a large play of EU’s retrospective tax policy under question here, which is rewriting the policy and demanding the tax amount from Apple. The cost of regulation is almost $14.5 billion for Apple, not counting other multinationals such as Google, Microsoft, McDonalds, etc., which have equivalent condition of accumulated untaxed profit of billions of dollars (Monitoring tax revenues and tax reforms in EU member states 2010, 2010). Thus, the regulation that Ireland and EU sought to seek is disturbing Apple to continue its business operations, and at the same time, US’s poor approach of coming to a definitive conclusion about foreign income regulations renders itself to lose large amounts of taxable income.