Apple Fighting the $14.5 BILLION tax Bill from European CommissionAug-30-2016
Apple Fighting the $14.5 BILLION tax Bill from European Commission
• Tim Cook has rejected the EU's demand for Apple to return $14.5 billion in 'unpaid' taxes in Ireland
• In a letter to customers, the Apple CEO called the move from the EU "unprecedented" and "harmful."
• Cook laid out the case that Apple, which has had operations in Ireland since 1980 and currently employees close to 6,000 people in the country, fully abides by international and local law with the rate of tax that is pays in the European country.
• "The European Commission has launched an effort to rewrite Apple's history in Europe, ignore Ireland's tax laws and upend the international tax system in the process. The opinion issued on August 30th alleges that Ireland gave Apple a special deal on our taxes," Cook wrote.
• "This claim has no basis in fact or in law. We never asked for, nor did we receive, any special deals."
• Cook acknowledged that tax laws for companies that do business globally are challenging but he argued that by paying its taxes "where the value is created," Apple has done nothing wrong and it is being unfairly targeted by the EU.
• "Nearly all of our research and development takes place in California, so the vast majority of our profits are taxed in the United States."
Posted by staff at 8:17 PM
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