Apple and Ireland are challenging the EU over a $14.4 billion tax ruling
: Apple and the Irish government will this week appeal an European Commission ruling that the Cupertino-based tech giant saved $14.3 billion in taxes by striking favorable deals with the Irish government.
EU antitrust chief, Margarethe Vestager levied the record tax bill on Apple in 2016 after arguing that Ireland had cut sweetheart deals that allowed Apple to avoid Ireland’s 12.5% corporate tax, already one of the lowest in the world, and instead pay rates as low as 0.005% In a quirk of EU rules, Ireland would receive a $14.3 billion windfall if the Vestager wins the case. The Irish government may prefer to maintain the close relationship that has seen Apple and scores of other tech companies choose Dublin as an European headquarters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple And Ireland Challenge EU Over $14.4 Billion Tax RulingThe world's biggest tax case has seen Apple and the Irish government fighting claims from the European Union that it dodged taxes across the continent in return for creating jobs in Ireland.
Read more »
Apple takes fight against 13-billion-euro EU tax order to courtApple will launch a legal challenge on Tuesday to a European Commission order to...
Read more »
Apple takes its $14 billion tax fight with the EU to courtApple challenged a $14 billion tax charge from the European Commission in the EU's second-highest court on Tuesday, escalating the landmark tax fight between the iPhone maker and EU regulator.
Read more »
Apple is becoming a camera companyApple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography machines.
Read more »
Bob Iger's departure from Apple board shows Tech and Media are at warCNBC's Julia Boorstin reports on Disney CEO Bob Iger's departure from Apple's board as both companies prepare to launch their streaming services.
Read more »
Apple awards iPhone supplier Corning $250 million from U.S. manufacturing fundApple Inc on Tuesday said it would award Corning Inc $250 million from a $5 bill...
Read more »