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Title: News: EU determines Apple should pay 13 billion euros in back taxes to Ireland; Apple plans appeal Post by: HCK on August 30, 2016, 04:05:26 pm News: EU determines Apple should pay 13 billion euros in back taxes to Ireland; Apple plans appeal
(http://assets.ilounge.com/images/uploads/applestore_beijing2.jpg) After a three-year investigation, the European Commission has concluded that Ireland should recover 13 billion euros (about $14.5 billion) in back taxes from Apple, saying the company’s deal in that country was illegal, the BBC reports. The commission said Apple paid substantially less than other companies, ending up with a corporate tax rate of no more than 1 percent while other companies pay around 12.5 percent. “Member states cannot… Source: News: EU determines Apple should pay 13 billion euros in back taxes to Ireland; Apple plans appeal (http://www.ilounge.com/index.php/news/comments/eu-determines-apple-should-pay-13-billion-euros-in-back-taxes-to-ireland-ap) |