Apple appeals EU’s $14 billion extortion demand

posted by
December 19, 2016
Reuters    
Posted in News

"Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Apple's combative stand underlines its anger with the European Commission, which said on Aug. 30 the company's Irish tax deal was illegal state aid and ordered it to repay [sic] up to 13 billion euros ($13.8 billion) to Ireland, where Apple has its European headquarters." (12/19/16)

http://www.reuters.com/article/us-eu-apple-taxavoidance-idUSKBN148007  

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