Apple must pay up to $14.5bn in Irish taxes, EU Commission says
The European Commission has estimated that Apple has to pay 13bn euros ($14.5bn) in retroactive taxes to Ireland after an in-depth state aid investigation.
The 130-page ruling by EU competition commissioner Margrethe Vestager follows a three-year probe into Apple's Irish tax affairs.
It establishes that Ireland violated EU law on competition by giving Apple tax benefits which are not available to other companies.
"The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple," reads the ruling. "This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid." Read more...
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Apple must pay up to $14.5bn in Irish taxes, EU Commission says
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Tuesday, August 30, 2016
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