You are here: Home » International » News » Companies
Business Standard

US govt seeks to intervene in Apple's $14-billion EU tax appeal

Though Obama govt criticised the EU decision, Trump admin hasn't said anything in public yet

Reuters  |  Washington 

The US government has sought to intervene in Apple's appeal against the European Union order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, a source familiar with the matter said on Tuesday. iPhone maker Apple took its case to the Luxembourg-based General Court, Europe's second-highest, in December after the European Commission issued the record tax demand saying the US company won sweetheart tax deals from the Irish government which amounted to illegal subsidies. The decision was criticised by the Obama administration which said the EU was ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, July 05 2017. 01:53 IST
RECOMMENDED FOR YOU