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.

    Follow Simon Owen on Twitter: @bigso