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It's time for Apple to pay the tax man.
Apple has to pay €13 billion, or about $16 billion, as part of a record-breaking back tax judgment from August 2016.
Basically, the European Commission, led by Margrethe Vestager, said that Apple had received special treatment from Ireland that ended up cutting its tax bill by billions between 2003 and 2014.
Here's an EU graphic that shows how Apple was able to have a large amount of revenue that wasn't taxed in any jurisdiction — even Ireland, where Apple subsidiaries were based.
Read more here. (Business Insider)
Apple has to pay €13 billion, or about $16 billion, as part of a record-breaking back tax judgment from August 2016.
Basically, the European Commission, led by Margrethe Vestager, said that Apple had received special treatment from Ireland that ended up cutting its tax bill by billions between 2003 and 2014.
Here's an EU graphic that shows how Apple was able to have a large amount of revenue that wasn't taxed in any jurisdiction — even Ireland, where Apple subsidiaries were based.
Read more here. (Business Insider)
