News: Apple may owe up to $8B in European back taxesApple 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…
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News: Apple may owe up to $8B in European back taxes
