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General

EC finds Apple's Irish tax arrangements illegal - report

Monday 29 September 2014 | 10:16 CET | News
Preliminary findings from the a European Commission investigation into Apple's tax arrangements in Ireland, where it pays a rate of under 2 percent, claim that the company benefited from illicit state, people involved in the case told the Financial Times. The EC, which claims that Apple struck backroom deals with Irish authorities, could fine Apple several billions of Euros. Apple maintains that it did not break any laws. "There's never been any special deal, there's never been anything that could be construed as state aid," Apple CFO Luca Maestri told the newspaper. The European Commission

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Categories: General
Companies: Apple
Countries: Ireland
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