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Apple Faces Large Penalties In EU Tax Probe

Posted by samzenpus on from the was-that-wrong? dept.

First time accepted submitter chasm22 writes EU Regulators are apparently set to accuse Apple and the Irish government of entering into several sweetheart deals that left Apple with lower taxes than what it legally owed. If the ruling is upheld, Apple could owe billions in back taxes. Interestingly, it seems that the Irish government would actually get the extra money and suffer little for its part in the scheme.

1 of 120 comments (clear)

  1. Re:Finally by Anonymous Coward · · Score: 5, Interesting

    I think we should allow companies with a head office on Mars be exempt from tax. With the money involved some companies might actually profit from setting up a permanent base there.