Apple claims EU made ‘fundamental errors’ in calculating $14B Irish tax ruling | iLounge News

News

Apple claims EU made ‘fundamental errors’ in calculating $14B Irish tax ruling

Newly published details of Apple’s appeal to the EU over last year’s $14 billion tax judgment reveal the company claims the European commission made “fundamental errors” in calculating the tax bill, The Irish Times reports. Apple cited 14 separate objections to the ruling in the filing made on December 19, 2016, arguing that the commission misinterpreted Irish law, ignored expert testimony, and wrongly attributed income from intellectual property based in the United States to Ireland. After a three-year investigation, the commission ruled that Ireland had dodged international tax rules, letting Apple use its country as a tax shelter for profits from other European nations in exchange for maintaining jobs within the country. [via MacRumors]

Comments

Related Stories

Subscribe to iLounge Weekly

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2017 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy