Apple's official statement on the EU ruling against its Irish tax arrangements tells you all you need to know about what is at stake: You can have taxes or you can have jobs, but Apple is in no mood to deliver both.

After learning on Tuesday morning that the EU expects Apple to pay 13 billion euros — equal to 11 billion pounds or $14.5 billion — in back taxes, the company said, "It will have a profound and harmful effect on investment and job creation in Europe." 

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