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Title: News: Apple may owe up to $8B in European back taxes Post by: HCK on January 15, 2016, 09:00:32 pm News: Apple may owe up to $8B in European back taxes
Apple may be on the hook for as much as $8 billion in taxes owing to the European Union, Bloomberg reports. A European Commission investigation which began in 2014 called into question Apple’s tax deals in Ireland, where the company’s European operations are headquartered. More recently, Apple agreed to pay $347m in back taxes to Italy after failing to declare revenue to that country’s tax authorities, instead transferring profits… Source: News: Apple may owe up to $8B in European back taxes (http://www.ilounge.com/index.php/news/comments/apple-may-owe-up-to-8b-in-european-back-taxes) |