4 reasons EU ruled against Ireland on Apple tax
Finance chiefs deny Ireland provided tech giant with favourable tax treatment - and accuses commission of misinterpreting Irish law
Today the European Commission published in painstaking detail its final report on Apple, revealing how the tech giant paid barely any tax here.
It highlighted how Apple has two subsidiaries - Apple Operations Europe (AOE) and Apple Sales International (ASI) - both with no physical presence and no employees. ASI had profits of $25 billion in 2014 - but paid less than $10m in tax.
Today's report presents evidencefor the ruling that Apple must pay €13bn in tax in Ireland and details how the Irish Revenue Commissioners agreed with the company's tax proposals- an arrangement that constituted state aid.
