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Apple May Owe $8 Billion To the EU After Tax Ruling (bloomberg.com)

Posted by Soulskill on from the don't-forget-the-gratuity dept.

Robotron23 writes: An investigation by the EU Commission may make Apple liable for up to $8 billion in back taxes. Bloomberg Intelligence estimates Apple has paid only 1.8% tax on profits between 2004 and 2012 — this ruling increases their liability to 12.5%. This decision comes hot on the heels of a tax avoidance settlement Apple reached with Italy last month for $347 million.

1 of 148 comments (clear)

  1. Re:Apple is not "The world’s largest company by Anonymous Coward · · Score: 0, Troll

    So why doesn't the but-hurt Europeans step up and make their own world-leading corporations and Europe-centric tech news sites? Every time we get this "Oh you're just so America-centric" or "well in Europe we have this and this"... Just shut up with the darn complaining and make your own stuff, or enjoy the ones your complaining about.