• Results of EU Tax Probe into Apple Expected Soon

    Sources out of Ireland indicate to Bloomberg that results of the EU's probe into Apple's tax affairs are, indeed, coming soon.

    Ireland's Finance Minister Michael Noonan doesn't believe any of the anticipated findings will negatively harm the Irish economy.

    Ireland has an “indication ” the EU will decide before the end of the year whether the nation’s tax dealings with the iPhone maker violate the bloc’s state-aid rules, Noonan told reporters in Luxembourg Monday. “We don’t have a specific date.”
    As MMi covered at the time, the European Commission suggested in 2014 that Apple’s tax arrangements have improperly given Apple a "financial boost in exchange for jobs in the country." In 2013, Apple said it paid an effective tax rate of less than 2 percent in Ireland throughout the last ten years.

    The EU is yet to offer additional comment and won't say when the formal findings will come.

    Source: Bloomberg
    This article was originally published in forum thread: Results of EU Tax Probe into Apple Expected Soon started by Michael Essany View original post
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