Ireland's EU Tax Tightrope: Windfall Demands, Fiscal Rule Flaws, and Apple's $17.1B Bill

Six major EU economies have formally asked Ireland to put a windfall oil profit tax on the agenda for the September 18-19 finance ministers' meeting in Dublin. Germany, Spain, Portugal, Italy, Poland, and Austria are demanding an EU-wide framework to capture profits from the Iran oil blockade. Ireland holds the rotating presidency and must now decide whether to champion this contentious proposal.

The ministers' letter warns...