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Tech Forums => PC Tech => Topic started by: mozart123 on September 01, 2016, 02:42:46 PM
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BRUSSELS — Apple will have to pay up to 13 billion euros ($14.5 billion) in back taxes, plus interest, to Ireland after the European Union found Tuesday that it received illegal tax benefits over 11 years.
The ruling is the latest — and biggest — salvo in the EU executive Commission’s battle to have multinationals pay their fair share in the region.
EU Competition Commissioner Margrethe Vestager said that a three-year investigation found Ireland granted such lavish tax breaks to Apple that the multinational’s effective corporate tax rate on its European profits dropped from 1 percent in 2003 to a mere 0.0005 percent in 2014.
http://www.nydailynews.com/news/world/apple-pay-14-5-billion-back-taxes-ireland-article-1.2771162?utm_content=buffer2a1e2&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer