Apple must pay up to $14.5bn in Irish taxes, EU Commission says
 

Apple must pay up to $14.5bn in Irish taxes, EU Commission says
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The European Commission has estimated that Apple has to pay 13bn euros ($14.5bn) in retroactive taxes to Ireland after an in-depth state aid investigation. *

SEE ALSO: The Apple Store is **w simply 'Apple,' company says


The 130-page ruling by EU competition commissioner Margrethe Vestager follows a three-year probe into Apple's Irish tax affairs.*

It establishes that Ireland violated EU law on competition by giving Apple tax benefits which are **t available to other companies.*

"The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple," reads the ruling. "This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must **w recover the illegal aid." Read more...

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