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Added on the 15/07/2020 16:15:54 - Copyright : AFPTV - First images
The EU refers Ireland to the bloc's highest court for failing to collect 13 billion euros in back taxes from tech titan Apple following a ruling a year ago. SOUNDBITE.
Amid signs of strain on its fragile coalition, the Irish cabinet has decided to join Apple's appeal against the EU's 13 billion euro tax demand. Ivor Bennett reports.
The European Commission yesterday ordered U.S. tech giant Apple to pay Ireland the equivalent of $14.5 billion in unpaid taxes on its foreign profits.
The multinational technology company Apple has been ordered to repay up to 13 billion euros ($14.5 billion) in tax benefits back to the Republic of Ireland due to an "illegal" breach of EU state aid rules, confirmed European Commissioner for Competition Margrethe Vestager from Brussels, Tuesday.
European Union antitrust regulators order Apple to pay up to $14.5 billion in taxes plus interest to the Irish government after ruling a special scheme to route Apple's profits through Ireland was illegal state aid.