Apple and Ireland pledge to fight EU tax ruling

August 30, 2016 1:20 PM

11 0

Competition Commissioner Margrethe Vestager said arrangements dating back to the early 1990s were illegal under state aid rules and had given Apple favourable treatment over other businesses in Ireland.

As a result, she said, the maker of iPads and iPhones had paid just 1 per cent tax on its European profits in 2003 and 0.005 per cent in 2014 - and it should now reimburse Ireland to the tune of 13 billion euros (£11bn).

Also read: Court Rules Against CarMax in Fight Over Vehicle Inspections

Read more

To category page