EU to investigate Apple’s Irish tax practices | iLounge News

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EU to investigate Apple’s Irish tax practices

The European Commission will launch a formal investigation into Apple’s tax practices in Ireland, RTE reports. It’s expected that the commission will officially announce the investigation tomorrow. Apple CEO Tim Cook testified on Apple’s tax policies to a U.S. Senate subcommittee last year. Recently, a March report accused the company of moving $8.9 billion in untaxed profits from Australia to Ireland.

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