EU presses Apple for details on latest tax arrangements in wake of Paradise Papers
The European Union’s competition commissioner has asked Apple to update details on its tax situation, following allegations that the company relocated some operations from Ireland to Jersey to avoid higher rates.”I have been asking for an update on the arrangement made by Apple, the recent way they have been organized, in order to get the feeling whether or not this is in accordance with our European rules but that remains to be seen,” the Washington Post quoted Margrethe Vestager as saying at a technology summit in Lisbon, Portugal. The official said that her requests for information actually predate the Jersey claims, but noted that it “remains to be seen if we will open more cases after the Paradise Papers.”The Paradise Papers have exposed a myriad of offshore financial arrangements for individuals and businesses. To escape a crackdown on Irish tax loopholes, Apple reportedly turned to a Bermuda-based law firm, Appleby, to search for a place it could continue avoiding normal taxes on billions in international revenue. The company is said to have settled on Jersey, a U.K. crown depndency off the coast of France.
Källa: EU presses Apple for details on latest tax arrangements in wake of Paradise Papers
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