Apple facing back taxes running into billions over European commission ruling
17:10, 30 August 2016
LONDON. KAZINFORM Apple could face back taxes running into billions with the European commissionexpected to rule against the company on Tuesday over its arrangements with the Irish government.
A decision against Apple and Ireland after a two-year investigation would rebuff US efforts to persuade the commission to drop its interest amid warnings about retaliation from Washington.
The commission has been investigating whether Apple’s tax deals with Ireland, which have allowed the company to pay very little tax on income earned throughout Europe, amounted to state aid.
Read more at The Guardian
Photograph: Michaela Rehle/Reuters