Tag: ireland

Apple ordered to pay up to €13bn to EU

The European commission ruled that deals between Apple and the Irish tax authorities amounted to illegal state aid. Apple has been ordered to pay up to €13bn in back taxes to Ireland.

According to the commission, the taxable profits of Apple Sales International and Apple Operations Europe did not correspond to economic reality. Apple paid an effective tax rate of 1% in 2003 on profits of Apple Sales International, the rate dropped to 0.005% in 2014.