As it stated in nytimes
Apple Owes $14.5 Billion in Back Taxes to Ireland, E.U. Says
Apple Owes $14.5 Billion in Back Taxes to Ireland, E.U. Says
VideoThe European Union on Tuesday ordered Ireland to collect $14.5 billion in unpaid taxes from Apple, a record penalty that worsened tensions with the United States over the bloc's crackdown on sweetheart deals with global multinationals.Europe's competition enforcer said that Apple's illegal deals with the Irish government allowed the technology giant to pay virtually nothing on its European business in some years.The arrangements enabled Apple to funnel profit from two Irish subsidiaries to a "head office" with "no employees, no premises, no real activities," the commission said.
moreover from forbes
Apple Found To Have Received Illegal Tax Benefits, Ordered To Pay $14.5 Billion In Back Taxes
Apple Found To Have Received Illegal Tax Benefits, Ordered To Pay $14.5 Billion In Back Taxes
additionally huffingtonpost
EU Antitrust Regulators Order Apple To Pay Ireland Up To $14.5 Billion In Taxes
EU Antitrust Regulators Order Apple To Pay Ireland Up To $14.5 Billion In Taxes
BRUSSELS (Reuters) - EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.The massive sum, 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant.Apple, which with Ireland said it will appeal the decision, 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 Commission said.
as well vanityfair
Europe Slams Apple with Unprecedented $14.5 Billion Tax Bill
Europe Slams Apple with Unprecedented $14.5 Billion Tax Bill
For years, Apple has funneled its profits through an Irish subsidiary in an attempt to lower its tax bill.That stops now, according to a new ruling from the European Commission, which on Tuesday ordered the Silicon Valley giant to repay $14.5 billion in back taxes, plus interest, to the European Union.Even for the world's most valuable company, it's a steep penalty, worth nearly double Apple's net profit in the most recent financial quarter.
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