Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Apple must repay $14.5 billion in underpaid taxes in Ireland

Peter Sayer | Aug. 31, 2016
Two Irish tax rulings constituted illegal state aid, the European Commission has ruled

The company neither asked for nor received any special deals, he said.

"We now find ourselves in the unusual position of being ordered to retroactively pay additional taxes to a government that says we don't owe them any more than we've already paid," and the Commission is proposing to replace Irish tax laws with its view of what they should have been, he said.

Revenue, the Irish tax and customs authority, echoed Apple's line. "We have provided all relevant information and explanations to the Commission. These demonstrate that Revenue collected the full amount of tax due from Apple in accordance with Irish tax law," it said.

Source: CIO

 

Previous Page  1  2 

Sign up for CIO Asia eNewsletters.