Apple Inc. (AAPL) Tax Ruling A Positive: JPMorgan

Apple Inc. (NASDAQ:AAPL) is getting hit hard by a ruling from the European Union in what may be retaliation for America being better in innovation and everything else (I kid, I kid). But some note and I quote from Dave Lutz of Jones Trading below.

Apple Inc. (AAPL)

The European Union’s antitrust regulator demanded that Ireland recoup roughly €13 billion ($14.5 billion) in unpaid taxes from Apple, a move that could intensify a feud between the EU and the U.S. over the bloc’s tax probes into American companies - The European Commission Tuesday said the tax arrangements Ireland offered Apple in 1991...