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General

Apple says EC probe could prompt "material" back tax payment

Thursday 30 April 2015 | 14:17 CET | News
Apple warned shareholders in a quarterly filing to the US Securities and Exchange Commission that it could be forced to pay a "material" amount of back taxes to Ireland if the European Commission's investigation concludes that the country's tax policy to Apple amounted to illegal state aid. "While such amount could be material, as of 28 March 2015 the Company is unable to estimate the impact," Apple said, adding that it may have to pay back taxes for up to 10 years. The EC began a formal investigation against Ireland last June for alleged state aid to Apple and in a September preliminary

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Categories: General
Companies: Apple / European Commission
Countries: Europe
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