
Apple Must Repay $14.5 Billion in Back Taxes, EU Commission Rules
Apple must repay 13 billion euros ($14.5 billion) in back taxes dating back to 2003-2014, the European Commission has ruled (via BBC). The Apple tax ruling was confirmed this morning, after the judgement was leaked to the media yesterday. In unequivocal wording, the EU commissioner Margrethe Vestager said Apple’s tax benefits in Ireland are “illegal”. “The Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This…