Rotten Apples: European ruling finds that for every €1 million Apple earned, they paid just €50 in tax – TheLiberal.ie – Our News, Your Views

Rotten Apples: European ruling finds that for every €1 million Apple earned, they paid just €50 in tax




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Yesterday Europe didn’t just give the Irish government a telling off, they are looking for them to make Apple pay €13 billion with a possible futher €6 billion.

The European Commission said Ireland gave “selective treatment” which allowed Apple pay a tax rate of just 1% on its European Union profits.

The findings are a result of the culmination of a three-year investigation by Competition Commissioner Margrethe Vestager into tax arrangements for Apple, dating back 25 years.

They ruling indicates that for every €1 million Apple earned, they paid €50 in tax.

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