EU commission

U.S. Government to Reportedly Intervene in Apple’s EU Tax Appeal

Citing a source familiar with the matter, a Reuters report is claiming that the U.S. government is seeking to intervene in Apple's appeal against an EU order to pay back up to $14.8 billion in Irish taxes. The iPhone maker took its case to the court in December after the EU Commission issued the record tax demand...

Apple May Send “Billions” of Offshore Cash Back Home in 2017: Cook

In the wake of the CAD$18.9 billion tax bill, Apple CEO Tim Cook says the company could repatriate at least some of the $215 billion cash pile it has offshore, reports the Wall Street Journal. Speaking with Irish media today, Cook called the EU Commission's ruling "political crap" and "disappointing". He also couldn't understand where the 0.005%...

Tim Cook Calls EU Tax Ruling on Apple “Total Political Crap”

In an exclusive interview with the Irish Independent, Apple CEO Tim Cook mostly reiterated the thoughts he made public via a public letter on the company's website following the EU Commission's ruling that instructed Ireland to recoup CAD$18.9 billion in back taxes from the iPhone maker. Cook said it will proceed as originally planned with the...

Britain, Turkey Welcome Apple After EU Tax Ruling

Earlier today, the European Commission ruled that Apple has to pay up to €13 billion ($14.5 billion) in back taxes to the Irish government, after two years of in-depth investigation of the iPhone maker's tax affairs. Following the Commission’s ruling, Britain and Turkey have both announced that they would “welcome” Apple should the company wish to relocate there...

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 Commission Extends Probe Against Apple in Ireland: FT

There will be no verdict on Apple’s tax affairs, as The European Commission has extended its probe into Ireland’s alleged tax deal with the iPhone maker, reports the Financial Times. Earlier this fall, Ireland’s Finance Minister Michael Noonan suggested that the EU Commission could issue a ruling on the matter around Christmas. That’s not what...

Apple, Google Pressured by EU Commission Over In-App Purchases

After consumer groups from Denmark, Britain, Italy, and Belgium raised concerns over in-app purchases offered by the App Store and Google Play, the European Commission has decided to send out a friendly invite to the hot seat to both Apple and Google (via the Telegraph). The main issue appears to be the freebie apps, which...