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For Apple, the EU is a cash sinkhole

POLITICO Original article ›
LyrArc Article Gist
Not a cash sinkhole- Apple generates 25% of its revenue of 383 billion from the EU. A $13 bill tax bill is for taxes due and a $1.4 billion fine insignificant fine for Apple's size. Apple is not just device maker. Also an apps platform taking a percentage of revenues on its Apps store.



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