Apple Ordered by EU to Repay $14.5 Billion in Irish Tax Breaks

August 30, 2016 10:15 AM

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Apple Ordered by EU to Repay $14.5 Billion in Irish Tax Breaks

The tax payment is the highest ever demanded under the EU’s longstanding state-aid rules that forbid companies from gaining advantages over its competitors because of government help.

The European Commission on Tuesday said the tax arrangements Ireland offered Apple in 1991 and 2007 allowed the company to pay around 1% to almost zero tax on its European profits for more than 10 years, between 2003 and 2014.

Also read: EU bans Iran's Aseman Airlines from flying in Europe

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