Apple must pay $14.5 billion in back taxes to Ireland

Wibbitz Top Stories 2016-09-01

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The European Union has just hit Apple with a record-breaking tax bill of $14.5 billion plus interest, after finding that Ireland granted the company illegal state aid over many years.
The final ruling, expected on Tuesday, follows a three-year probe into Apple's Irish tax affairs, which the EU has previously identified as illegal.
Apple and the Irish government are likely to appeal against the ruling.

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