The sheer size of the numbers is simply mind-boggling: 12 American companies have a market value of $30 trillion? Note that the U.S. GDP is about $30.8 trillion in nominal terms for 2025, according to IMF forecasts. There are only so many trillions of dollars that can disappear from investors’ portfolios before a recession is …
Tag: Apple
EU vs. Apple
The European Court of Justice in its judgment of 15 July 2020 ruled that the evidence provided by the European Commission was insufficient to show that Apple benefited from an artificial reduction in the tax rate in 2014, thus annulling the Commission’s mandate to Apple to pay in Ireland – a member state of the …