Apple on Tuesday lost its fight against an order by EU competition regulators
Apple on Tuesday lost its fight against an order by EU competition regulators to pay 13 billion euros in back taxes to Ireland
Apple on Tuesday lost its fight against an order by EU competition regulators to pay 13 billion euros in back taxes to Ireland as part of an EU crackdown against sweetheart deals between EU countries and multinationals.
The European Commission issued the order in 2016, saying that the iPhone maker benefited from two Irish tax rulings for over two decades that artificially reduced its tax burden to as low as 0.005% in 2014.
(The story has been corrected to change the text from a separate Google case to the Apple case)
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
