EU wants more information on Apple’s tax moves in Jersey after leaked documents surface | iLounge News

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EU wants more information on Apple’s tax moves in Jersey after leaked documents surface

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After leaked documents detailing the process Apple undertook to relocate its Irish holdings to the island of Jersey were printed in The New York Times and other news outlets, the European Union’s competition chief is asking for more details from the company, The Washington Post reports. In its response to the initial reports, Apple claimed to have notified the US, Ireland and the EU about the reorganization of its Irish subsidiaries, claiming, “The changes we made did not reduce our tax payments in any country.” But Margrethe Vestager, the European Union’s commissioner for competition, said, “I have been asking for an update on the arrangement made by Apple, the recent way they have been organized, in order to get the feeling whether or not this is in accordance with our European rules but that remains to be seen.” Vestager said the information request came before the leaked documents came to light and is still unsure whether Apple’s moves will prompt more investigations.

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