Apple could be forced to pay 10 years of back taxes to Ireland

April 30, 2015: In June this year, the Europe commission launched an official probe to see whether Apple's 1991 tax deal with Ireland violated European Union laws prohibiting any kind of state aid to companies. While Apple officials and Ireland government says they worked in accordance with the law before agreeing with tax deal.
                            
The probe could be most likely to pronounce judgement against the Irish government, which might led Apple to lose its Irish tax break.

Apple expressed it's insecurities this week in a regulatory filing, the technology giant said that if European commission comes back with an unfavourable ruling, the company could have to pay back the Irish government the disallowed state aid it received, covering a period of 10 years.

However, the Ireland government would most probably appeal against the ruling and it would likely to stuck in court for years.

The sources believes this move by EU commission is due to the fact that Apple pays only 2% on profits to their Ireland subsidiaries, well below the 35% top rate in United States and even well below Ireland's 12.5% rate. 

Source: Money.CNN.com, Image by BusinessInsider.com

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About Mohammed Rizwan

An Electronics Engineer by education, a part-time blogger by passion. He loves everything about technology, hence he writes about it. Interest includes Technology, Startups and Mobile Applications.
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