Donald Trump said he got a call from Apple’s boss Tim Cook. Cook was worried about a fine from the EU. The EU told Apple to pay €13bn in unpaid taxes to Ireland. Mr. Trump, who is running for US President, talked about this on a podcast. Apple and Ireland had a legal fight over taxes. The EU said Ireland gave Apple illegal tax advantages.
Mr. Cook told Mr. Trump about a $15bn fine from the EU. The EU also fined Apple $2bn later. Mr. Trump said he wouldn’t let the EU take advantage of US companies. He mentioned talking to other tech bosses like Elon Musk and Sundar Pichai. Tech companies criticize the EU’s rules, like GDPR and the DMA. Apple said opening up their app store could be bad for users. The EU also has a law about Artificial Intelligence that worries tech companies.
Vocabulary List:
- Advantages /ədˈvæn.tɪdʒ/ (noun): A condition or circumstance that puts one in a favorable or superior position.
- Criticize /ˈkrɪt.ɪ.saɪz/ (verb): To express disapproval of someone or something.
- Worries /ˈwɜːriz/ (verb): To feel anxious or concerned about something.
- Fined /faɪnd/ (verb): To impose a financial penalty on someone.
- Legal /ˈliː.ɡəl/ (adjective): Relating to the law; permissible by law.
- Taxation /tækˈseɪ.ʃən/ (noun): The process of collecting taxes by governmental authority.
How much do you know?
