Apple’s $14.4 Billion Tax Drama: The EU Strikes Again—Here’s What It Means for Big Tech
Apple’s Tax Troubles Explained In a landmark ruling, Apple has been ordered to repay $14.4 billion in back taxes to Ireland, following a dispute over what the European Commission deemed "illegal state aid." This tax break was provided through Ireland's favorable tax arrangements, which allowed Apple to pay a staggeringly low effective corporate tax rate of 0.005% on its European profits in some years. The Initial Ruling and Apple's Appeal […]
