BRUSSELS: Apple (AAPL.O), opens new tab on Tuesday lost its fight against an order by EU competition regulators to pay 13 billion euros ($14.4 billion) in back taxes to Ireland as part of an EU crackdown against sweetheart deals between EU countries and multinationals.The European Commission issued the order in 2016, saying that the iPhone maker benefited from two Irish tax rulings for over two decades that artificially reduced its tax burden to as low as 0.005% in 2014.Apple had said the record EU tax order defied reality and common sense. Ireland, whose low tax rates helped it to attract Big Tech to set up their European headquarters, had also challenged the EU ruling.The Luxembourg-based
Hence then, the article about apple loses fight against 14 4 billion eu tax order to ireland was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Apple loses fight against $14.4 billion EU tax order to Ireland )
Also on site :
- 1971 Hit by The Doors, Originally Disliked by Producer, Ranked Among ‘Greatest American Rock Albums’ of All Time
- Lou Diamond Phillips Details 25-Pound ‘Deep Dive’ Transformation to Play Serial Killer Richard Ramirez
- Walmart’s Towering 73-Inch Bookcase Has Ample Storage for Enormous Book Collections, Now Nearly 40% Off