Description
Added on the 30/08/2016 16:21:24 - Copyright : Reuters EN
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.
Ireland's finance minister welcomes the judgement of a European court which annulled an EU claim that Ireland had unfairly allowed Apple to benefit from 13 billion euros in state aid. SOUNDBITE
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.
U.S. President Barack Obama attends an outdoor arrival ceremony in heavy rain, as the first sitting U.S. president to visit Laos. Rough Cut (no reporter narration).
|
Support : Technical 
- Content 
- Editors 
