EU takes Ireland to court over Apple’s €13bn tax windfall



The European Commission is taking Ireland to court for its failure to recover up to €13bn (£12bn) in back-taxes from Apple.
In August 2016, the Commission ruled the US tech giant should hand over unpaid taxes, saying it had received illegal state aid in a judgement that was fiercely criticised by Dublin.
 This is just “one of a number of deals the EU has targeted between multinationals and usually smaller EU states”, says Reuters.
The Apple decision prompted “a fierce political backlash” from Washington and the Commission’s recovery order “could rekindle tensions over Europe’s tax... read more

 
5 October 2017 in Business, Views: 64
Source: The Week
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