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EU hits Apple with $14.5-bn Irish tax demand



The European Commission ordered Apple to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the US company’s tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of a drive against what the EU says are sweetheart tax deals that usually smaller states in the bloc offer multinational companies to lure jobs and investment. The US feels its firms are being targeted by the EU and a US Treasury spokesperson warned the move threatens to ...

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First Published: Wed, August 31 2016. 00:15 IST