Apple may be forced to pay ten years’ back tax to Revenue

Apple may be forced to pay ten years’ back tax to Revenue
Apple unable to quantify amount of penalties it would face Picture: Getty

Tech giant has revealed two of its subsidiaries in Ireland were under investigation by the European Commission

Apple says it’s unable to quantify the amount of penalties it would face from the European Commission in the event it is found to have had a sweetheart tax arrangement with the Revenue Commissioners.

In a filing with the US Securities and Exchange Commission last week alongside its annual results, the company said that up to ten years of back tax could be on the line.

“If the European Commission were to conclude against...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post