Apple chief Tim Cook says tax ruling 'maddening' | Short News

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

By: Unknown on: 04:30

Apple Irish tax ruling 'maddening', says Tim Cook | Short News

Summary of news on 'Apple Irish tax ruling 'maddening', says Tim Cook'

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"

He told Irish broadcaster RTE that Apple had not been given preferential tax breaks in Ireland

The EU ruling said Apple had been given €13bn of "illegal" tax benefits

Mr Cook said he was "very confident" the ruling would be overturned on appeal

On Tuesday, the European Commission said Ireland had granted undue tax benefits of up to €13bn (£11bn) to Apple

Keywords: apple, ruling, cook, commission, ireland

Apple Irish tax ruling 'maddening', says Tim Cook | Short News

By: Unknown on: 04:30