EU to hand Apple hefty Irish tax bill: sources

August 30, 2016 7:03 AM

19 0

EU to hand Apple hefty Irish tax bill: sources

DUBLIN/BRUSSELS The European Commission will rule against Ireland's tax dealings with Apple (AAPL.O) on Tuesday, sources familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes.

Commissioner Margrethe Vestager will hold a news conference on an antitrust case at noon (1000 GMT) in Brussels. Though the subject of the case was not given, she was expected to detail her verdict on why a deal that encouraged the U.S. tech giant to route vast profits through Ireland had breached E...

Also read: Alarming Numbers Of People Are Trying To Rip Apples Open With Their Bare Hands

Read more

To category page

Loading...