The European Commission has ordered Ireland to collect up to €13 billion from Apple, plus interest, ruling that the tech giant received illegal tax benefits from the Irish government. The decision brings a close to one phase of an ongoing investigation into tax deals carried out by US multinationals across Europe.
"Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules," Commissioner Margrethe Vestager, head of the EC's competition body, said in a statement. "The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay...
via The Verge
