Click to Skip Ad
Closing in...
  1. Best TV Soundbar
    09:57 Deals

    Did someone make a mistake? There’s no way this soundbar should only cost $49.99

  2. Best Wireless Charger For iPhone
    13:04 Deals

    3-in-1 wireless charging station for Apple devices is down to $17 at Amazon

  3. Surge Protector Amazon
    15:01 Deals

    Brilliant $30 Amazon find expands a power outlet without an ugly power strip

  4. Screwdriver Set Amazon
    13:47 Deals

    Amazon shoppers rave about this 22-in-1 screwdriver set that’s down to $18 today

  5. Amazon Best Drone Deals
    11:50 Deals

    Amazon deal drops this top-rated foldable 1080p camera drone to just $49.99

Ireland doesn’t want Apple’s $13.5 billion in back taxes

September 2nd, 2016 at 10:00 PM
Apple EU Tax Appeal

Earlier this week, the European Commission concluded an enquiry into Apple’s European tax situation, concluding that the company owes Ireland $13.5 billion in unpaid taxes. But the case is anything but closed, as both Apple and Ireland have decided to appeal the ruling.

Why doesn’t Ireland want Apple to give it about $3,000 per person? Because Ireland thinks that Apple paid all the taxes it owes.

DON’T MISS: Everything you need to know about Samsung’s unprecedented Galaxy Note 7 recall

It was always expected that Ireland would appeal the decision. The European Commission contends that Ireland gave Apple preferential treatment, breaking European rules. But Ireland is keen to maintain its reputation as a business-friendly country with low tax rates, and getting this decision overturned is a crucial part of that.

After a meeting on Friday morning, the Irish cabinet agreed to join Apple and legally challenge the EC’s ruling. A government spokesperson told Reuters that the Irish Parliament would be asked to endorse the decision next week.

Apple CEO Tim Cook has already described the EC’s ruling as “total political crap,” and that the decision would almost certainly be reversed on appeal. In any case, the ruling seems to be prompting some changes to Apple’s tax systems. Cook has already hinted that the company may bring some of its “war chest” cash back to the US next year, allowing the company to spend more on R&D, but also meaning that money will be taxed by the US government.

Popular News