This will not end well for Ireland.

By August 30, 2016Uncategorized

Apple ordered to pay up to €13bn after EU rules Ireland broke state aid laws

European commission says Dublin afforded Apple illegal help with tax breaks and has demanded the tech giant pay back the savings

Apple has been ordered to pay up to €13bn (£11bn) in back taxes to Ireland after the European Commission ruled that deals between Apple and the Irish tax authorities were illegal state aid.

The commission has been examining Apple’s tax deals with Ireland for three years. The deals have allowed the US company to pay very little tax on income earned throughout Europe.

The commission opened a formal inquiry in September 2014 after initial findings concluded the arrangements amounted to state aid incompatible with the single market.