Summary, The Guardian. $13B is due, subject to 'terms and conditions'
Well, paying 0.005% of profits of Apple Sales International and Apple Operations Europe in tax (2014) - all funneled through a non-existent Irish 'head office' - does seem a little extreme, when Ireland's standard corporation tax rate is 12.5%
Ireland, predictably, trotted out the usual mantra of "They paid all tax legally due", but the EC is saying the deal was illegal all along and back taxes are due.
I imagine there will be a 5-year legal battle and a much reduced bill.
Well, paying 0.005% of profits of Apple Sales International and Apple Operations Europe in tax (2014) - all funneled through a non-existent Irish 'head office' - does seem a little extreme, when Ireland's standard corporation tax rate is 12.5%
Ireland, predictably, trotted out the usual mantra of "They paid all tax legally due", but the EC is saying the deal was illegal all along and back taxes are due.
I imagine there will be a 5-year legal battle and a much reduced bill.
via International Skeptics Forum http://ift.tt/2bYfhPQ
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