Apple paid its $15.3 billion Irish tax bill - Advanced Gadget News


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Wednesday, 19 September 2018

Apple paid its $15.3 billion Irish tax bill

Following Apple paying 13.1 billion euro ($15.3 billion) in back taxes, the EU antitrust regulator plans to withdraw legal action against Ireland. In 2016 the European Commission ruled that Apple was unfairly given tax breaks in an illegal ‘sweatheart' tax deal with the Irish government. Citing that it gave Apple an ‘significant advantage' over its competition, ruling that Apple had to pay taxes it owed from between 2003 and 2014 - plus interest. European Competition Commissioner Margrethe Vestager took legal action against the Irish Government last year for failing to recover the...

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