Bloomberg Law Brief: Apple's $14.5 Billion Tax Bill (Audio)

Omri Marian, a professor at the University of California Irvine School of Law, and Edward Kleinbard, a professor at the USC Gould School of Law, discuss the European Commission's decision to fine Apple Corp. a record €13 billion ($14.5 billion) plus interest in fines after Ireland illegally slashed the company's tax bill. EU competition commissioner Margrethe Vestager said today that Apple unfairly benefited from a selective tax treatment from Ireland in exchange for creating jobs in the country. Both Apple and Ireland have vowed to fight the decision in court. They speak with Bloomberg Law host Greg Stohr on Bloomberg Radio's "Bloomberg Law." John Tucker and Bob Moon report the day's top legal stories.