Apple tax

EU Seeks to Overturn Apple’s Victory in $15.7 Billion Tax Dispute

According to a summary of the appeal published earlier today, the European Union (EU) is looking to overturn Apple’s victory in a $15.7 billion tax dispute, saying judges used “contradictory reasoning” when they found that Apple's Irish units weren’t liable for huge payments, Bloomberg reports. Back in July, an EU court had ruled that Apple did...

Irish Voters Support Appeal of Apple Tax Ruling: Poll

Nearly half of Irish voters say the government has done the right thing by appealing the European Commission’s ruling instructing the iPhone maker to repay $18.9billion CAD in back taxes to Ireland, reports the Irish Times. The Irish Times/Ipsos MRBI poll results released today reveals that Irish voters support the government in its decision. When...

Ireland Divided on Whether to Appeal Apple Tax Ruling

The Irish cabinet doesn't seem to unanimously agree with Finance Minister Michael Noonan's recommendation to lodge the appeal, as he disagrees with the EU Commission's instruction to recoup $18.9 billion in back taxes from Apple. According to the Financial Times, Irish prime minister Enda Kenny will conduct an emergency cabinet meeting in an effort to forge...

Apple Posts Investor FAQ on Implications of EU Tax Demands

Following the EU Commission's ruling instructing Apple to pay $14.5 billion to Ireland in back taxes, investors had a good reason to worry, although that amount would hardly affect Apple's $213 billion cash pile. However, Apple has posted a series of questions and answers responding to a handful of worries investors would have. As the FAQ file...

EU to Issue Decision in Apple Tax Probe This Fall: Reuters

The European Union antitrust chief Margrethe Vestager had a busy Apple agenda today: She has met both with Ireland's finance minister and with US Secretary of the Treasury Jacob J. Lew to discuss the European economy and transatlantic cooperation; and, of course, Apple's tax affairs in Ireland, as Vestager already has two draft decisions on...