At the end of August the European Commission—the EU’s executive body—ordered U.S. technology giant Apple to pay the Irish government €13bn (U.S. $14B) for a decade’s worth of back taxes, a sum equivalent to all of the country’s healthcare budget, or two-thirds of its annual social welfare bill.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...