European Commission warns multinationals as Apple ordered to pay €13 billion in tax

Sadiq, Kerrie (2016) European Commission warns multinationals as Apple ordered to pay €13 billion in tax. The Conversation, August (31).

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Abstract

The European Commission is putting multinationals on notice with its order to tech giant Apple to pay €13 billion in tax to Ireland. It’s signalling that it won’t bow to pressure from the US. Now other countries may follow with similar action. The Commission concluded Ireland granted Apple undue tax benefits. It found that selective treatment allowed Apple to pay an effective corporate tax rate of 1% on its European profits in 2003, down to 0.005% in 2014. This was significantly less than Ireland’s tax rate of 12.5%

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18 since deposited on 29 Sep 2016
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ID Code: 99623
Item Type: Other
Refereed: No
Keywords: Tax Avoidance, EU Tax, Apple
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Taxation Accounting (150107)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2016 THE CONVERSATION MEDIA GROUP
Deposited On: 29 Sep 2016 23:33
Last Modified: 29 Sep 2016 23:33

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