US company in massive EU tax avoidance shocker! #Apple

Everyone’s favourite future-facing tech titan Apple Inc is facing a whopping €13 billion EU tax bill (plus interest!), after it was decided that the extremely favourable (at least for Apple) tax conditions set by Ireland breached EU rules. Funny that.

The EU ruling decreed that Ireland had illegally slashed Apple’s tax bill over several decades. It is the largest penalty in a three-year EU crackdown on so-called ‘sweetheart’ tax deals. We don’t know about you, but of all the sweethearts we’ve ever had in our lives, not one of them slipped us €13 billion.

E&T news covered the story of Apple’s tax shelter in Ireland in full earlier today.

Click on the graphic for an expanded view.

apple-ireland-tax

 

Advertisements

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: