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).
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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|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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