Joseph Stiglitz, a well known economist who is also a Nobel Prize winner stated that Apple’s tax arrangements pertaining to the amount they make on European sales which is in Ireland said to be a small unit can be termed as a fraud. The comment that he had made was reported by Bloomberg at the time when he had been questioned about the developing plan that Clinton and Warren is coming up with pertaining to the overseas cash of Apple and the feasibility of that plan.

The Ireland based European HQ of Apple was strongly criticized by him wherein he stated that the funneling method that was being used by the company to reduce its liabilities pertaining to the taxes was not right.

The tax arrangements that was made by the company has been under the eye of the EuropeanCommission for a long time now as they are presently investigating it and there are chances that the arrangements made might just be considered as illegal..

If this happens, then the breach of the law will be on the head of the Irish government and not the company, however the shareholders already been informed by Apple that incase the underpaid tax would have to be repaid, then that would come up to more than $8B estimated.

Bloomberg is yet to receive a comment from Apple, but it was noted in a piece that a corporate tax reform has been called by the company which allows them to repatriate the cash overseas a reasonable tax rate.

Even on this front, there has been a lot that been spoken about and various opinions have been provided earlier in the year in regards to the arrangements of the Irish tax that Apple has made and the entire background which provides a proper insight on the various aspects that can be put together as to why this can be considered as illegal.