European commission says Apple got illegal help with tax breaks but CEO Tim Cook says ruling threatens investment in EuropeApple has warned that future investment by multinationals in Europe could be hit after it was ordered to pay a record-breaking €13bn (£11bn) in back taxes to Ireland.
The world’s largest company was presented with the enormous bill after the European commission ruled that a sweetheart tax deal between Apple and the Irish tax authorities amounted to illegal state aid. Related: A tunnel to Wales or a gallery full of Gauguins: how Ireland could spend Apple’s money Continue reading...
Source: theguardian.com