Republic of Ireland

Republic of Ireland2 posts
30 Aug, 2016
0

EU demands Apple pay EUR13 billion taxes

Judgement

EU antitrust regulators order Apple to pay up to 13 billion euros in taxes, plus interest, to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. The scheme meant that Apple paid tax rates on European profits on sales of its iPhone and other devices and services of between just 0.005 percent in 2014 and 1 percent in 2003. The demand, 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced if other countries seek more tax from the company. Apple and the Irish government say they willl appeal the decision,.

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