Follow Us
BRUSSELS — Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union's competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker's overseas tax practices.
If the EU's preliminary finding is confirmed over the coming months, Apple could face a repayment bill worth billions of dollars because it funnels the bulk of its international sales through subsidiaries in Ireland, where it benefits from low, negotiated tax deals.
In a letter to the Irish government published Tuesday, the 28-nation bloc's executive Commission said the tax treatment granted to Apple "constitutes state aid" and therefore raises "doubts about the compatibility" with EU law. Read more...
More about Taxes, Apple, Eu, Business, and World
0 comments:
Post a Comment