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Apple To Pay $14.5 Billion To Ireland In Tax Crackdown - Technology Market - Nairaland

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Apple To Pay $14.5 Billion To Ireland In Tax Crackdown by 105africa: 1:16pm On Aug 30, 2016
EU antitrust regulators ordered Apple (AAPL.O) on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.

The massive sum, some 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant.

Read more here:
http://www.105africa.net/apple-pay-14-5-billion-ireland-tax-crackdown/

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