Summary of news on 'Apple chief Tim Cook says tax ruling 'maddening''
Source: BBC
Apple chief executive Tim Cook says the European Commission ruling that Apple should pay billions of euros in back taxes to the Republic of Ireland is "maddening" and "political"
The EU ruling said Apple had been given €13bn of "illegal" tax benefits
On Tuesday, the European Commission said Ireland had granted undue tax benefits of up to €13bn (£11bn) to Apple
In that year, we paid $400m to Ireland, and that amount of money was based on the statutory Irish income tax rate of 12.5%
"In 2014 our worldwide income tax rate was 26.1%," Mr Cook added
Keywords: apple, tax, ireland, cook, ruling
Apple chief Tim Cook says tax ruling 'maddening' | Short News
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