Apple To Pay $14.5 Billion in Tax
Aug 30, 2016, 11:24 AM
BRUSSELS- E.U. antitrust regulators ordered [f500link]Apple[/f500link] on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
The massive sum, 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the E.U.