In the News
Apple faces an £11n corporation tax bill from the EU
Graham Watson
30th August 2016
The European Commission have gone for a big fish in their first attempt to tackle corporate tax evasion. So, Apple, and the Irish government, are in the firing line for their tax arrangements with the Commission concluding "The standard rate of Irish corporate tax is 12.5%. The Commission's investigation concluded that Apple had effectively paid 1% tax on its European profits in 2003 and about 0.005% in 2014."
Both parties will appeal. Quelle surprise!
Apple tax move praised by Nobel winner Joseph Stiglitz Joseph Stiglitz (BBC Radio 4)
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