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Apple tax: EU orders firm to pay Ireland record £11bn penalty over 'sweetheart' deal

Author: Harry Cockburn, Independent (UK), Published on: 30 August 2016

The European Commission has ordered Ireland to recoup 13 billion euros (£11bn) from Apple over a 'sweetheart' tax deal offered to the tech company. Following a three-year long investigation, the commission has concluded the tax arrangements between Ireland and the multinational tech firm are illegal. Ireland’s corporation tax rate is already relatively low at 12.5 per cent, but the commission said Apple’s tax deal meant the firm was paying an effective corporate tax rate of less than 1 per cent. Commissioner Margrethe Vestager, in charge of competition policy, said: “Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years...Apple said it will challenge the ruling, paving the way for an international political and financial dispute over the European Commission’s role and authority...In a defiant statement, the tech firm accused the European Commission of launching “an effort to rewrite Apple’s history in Europe” and “upend the international tax system”

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