The European commission has ordered Apple to pay back the Irish state up to 13bn in taxes in a landmark ruling. Apple paid a tax rate on European profits of between 0.005% and 1%, according to the EUs executive arm. The US technology group, and Ireland, have said they will appeal against the decision but it will have ramifications for countries and companies across Europe.
Why has the European commission ordered Ireland to claw back up to 13bn in tax from Apple?
The commission has found that Apple benefited from a sweetheart tax ruling granted by Ireland decades ago, saving the iPhone-maker huge sums in taxes over many years. The ruling was not only generous but gave Apple special tax treatment unavailable to competitors. As such, competition officials in Brussels have found it amounted to unlawful state aid under EU rules. The sweetheart deal allowed Apple to shift up to two-thirds of its global profits through a handful of Irish-registered companies that routinely paid less than 1% tax.
Källa: The Apple tax ruling what this means for Ireland, tax and multinationals | Business | The Guardian
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