UPDATE 5-EU hits Apple with 13 billion euro Irish tax demand

August 30, 2016 3:34 PM

18 0

BRUSSELS/DUBLIN, Aug 30 The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.

Apple and Dublin said the U.S. company's tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of a drive against what the EU says are sweetheart tax deals that usually smaller states in the bloc offer multinational companies to lure jobs and inv...

Also read: Volkswagen Raises Earnings Outlook as It Returns to Profit

Read more

To category page