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Apple Appeals EU Tax Ruling, Says It Was a 'Convenient Target' (reuters.com)

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. From a report on Reuters: 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 up to 13 billion euros ($13.8 billion) to Ireland, where Apple has its European headquarters. European Competition Commissioner Margrethe Vestager, a former Danish economy minister, said Apple's Irish tax bill implied a tax rate of 0.005 percent in 2014. General Counsel Bruce Sewell and Chief Financial Officer Luca Maestri outlined in an interview with Reuters at Apple's global headquarters in Cupertino the company's plans for its appeal against the Commission's ruling at Europe's second highest court. The iPhone and iPad maker was singled out because of its success, Sewell said. "Apple is not an outlier in any sense that matters to the law. Apple is a convenient target because it generates lots of headlines. It allows the commissioner to become Dane of the year for 2016," he said, referring to the title accorded to Vestager by Danish newspaper Berlingske last month.

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  1. Re:Both b... by jabuzz · · Score: 5, Insightful

    Irish and US tax law are in this case both superseded by EU tax law in this case. So that argument is completely irrelevant in this case.

    Remember by becoming a member of the EU the Irish agreed that their tax laws would be compliant with EU law. The commission found that Irish tax law was not compliant with EU law and as EU law is supreme Apple and Ireland are in trouble.

    Sorry Apple cry me a river that you can't afford decent tax lawyers.