EU Hands Apple Significant Tax Bill
Apple could face a massive tax bill in Europe.
FOX’s Simon Owen has more from London:
Apple is a leading employer in Ireland, it’s home to around a-quarter of the company’s European workforce, but the EU today ruling that the Irish government has been trying a bit too hard to keep Apple happy, offering illegal tax breaks:
(Vestager) “This effective tax rate dropped to as little as 0.005%.”
EU Competition Commissioner Margrethe Vestager ordering Ireland to reclaim up to $14 billion from Apple in back taxes.
Along with the company, the Irish government also promising an appeal.
In London, Simon Owen, FOX News.
