All posts on August, 2016


Tech Law

Europe Duns Apple for $14.5B in Illegal Tax Breaks

The European Union on Tuesday nailed Apple with a $14.5 billion bill for back taxes. “The European Commission has today has adopted a decision that Apple’s tax benefits in Ireland are illegal,” said EC Competition Chief Margrethe Vestager. Tax breaks Ireland granted to Apple for more than two decades artificially reduced Apple’s tax burden, in breach of European Union rules, she explained.

Read more 0 Comments