European Commission rules that Apple should repay 13bn euros to Ireland
The European Commission (EC) has ruled that Apple’s Irish tax benefits are illegal and that it should pay back €13bn in taxes to the country.
The EC has investigated the case for three years and believes that Ireland enabled Apple to pay significantly less tax than other businesses.
In a statement from Apple, the company said that it follows the law and pays all the taxes it owes. It also said it believes the decision will be overturned after an appeal is made by them.
Michael Noonan, Ireland’s Finance Minister, has said in a statement that he disagrees with the EC and will seek cabinet approval to also appeal.