On Thursday, March 28, 2024, pedestrians on Anne Street South in Dublin, Ireland witnessed Ireland’s government announcing plans to spend 13 billion euros in Apple back taxes, which the country previously fought to avoid. Finance Minister Jack Chambers emphasized the importance of using the windfall for infrastructure improvements, such as housing, energy, water, and transport, following a recent ruling by the European Court of Justice requiring Apple to pay back taxes. The decision has led to a significant increase in tax revenue, with Ireland aiming to invest in essential infrastructure projects while maintaining its low corporate tax rate.
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Buying a Car? Trump’s Tariffs Could Make It More Expensive.
The impact of tariffs on car prices will vary by model, with manufacturers likely to distribute cost increases evenly to mitigate the impact. Consumers should not rush to buy a new car due to uncertainty over tariff implementation, but may consider purchasing sooner if their preferred model is available. Electric vehicles and plug-in hybrids may be a good option due to potential tax credits, but buyers should carefully consider their needs and charging options. Additionally,...
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