Apple accuses EU of interference in multibillion-euro tax ruling

Tech giant Apple decries a ruling by the EU's competition commissioner ordering it to repay Ireland billions in taxes, claiming that the bloc is interfering in the company's business in Europe.

"The European Commission has launched an effort to rewrite Apple’s history in Europe, ignore Ireland’s tax laws and upend the international tax system in the process," a statement from Apple says.

The company will appeal the decision, which is says "will have a profound and harmful effect on investment and job creation in Europe."

In depth coverage

Apple must repay Ireland up to 13 billion euros in illegal tax breaks

The US technology giant Apple must pay Ireland up to a record 13 billion euros (14.5 billion dollars) in illegally granted tax benefits, the European Commission ruled Tuesday, in an eagerly awaited landmark decision that Ireland now plans to appeal.

Read more
Last update: Tue, 30/08/2016 - 12:40
Last update: Tue, 30/08/2016 - 12:39
Author: 

More from Business

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting...

Vipnet taking over Metronet

Vipnet, a mobile network operator company, has acquired a controlling share in the company "Metronet...

UniCredit sells stake in Polish bank Pekao to strengthen capital

Italy's biggest bank by assets, UniCredit, said Thursday it was going to sell a 32.8-per-cent stake in Polish...

BAT factory in Kanfanar exports to 19 markets

British American Tobacco (BAT) is satisfied with the results achieved in its first year of doing business in Croatia...

Reports: AC Milan sale to Chinese group postponed to March

AC Milan's controlling company Fininvest and Sino-Europe Sports have agreed on moving the sale of the Serie A club...