Tax Inversion and Why You Can't Do It

Several decades ago Apple set up shop in Ireland. Nobody could envision save perhaps for the very few Steve Jobs' type characters how in a relatively very short span of time personal computing would revolutionize our world, the way we would gather information and the way we would enjoy coffee guilt-free. These industries have brought and are now expected to bring in billions of dollars in revenue. But bring in where? The EU has recently begun investigating Apple and other major US corporations for back taxes unpaid. According to a JP Morgan analyst Apple alone could be liable for 19 billion dollars, but Forbes says that's ludicrous. Who to believe? Russel Brand, Tommy Tiernan, and George Carlin deliver the funny, while Tim Worstall (a senior fellow at one of the world's leading economic think tanks — the Adam Smith Institute) shares with us his personal opinion.