Why €13bn Apple tax payment may not be the end of the story

Why €13bn Apple tax payment may not be the end of the story

When the tech giant moved intellectual property to Ireland it benefited from the use of capital allowances to offset tax liability

The sums involved in the Apple state aid case are immense. The European Commission has ruled that Apple owes €13 billion of Irish Corporation Tax on €104 billion of profit earned from 2004 to 2014. The commission argues that this €104 billion was wrongly attributed to the US-based board of directors which made up the head office of a stateless company that oversaw the sale of Apple’s products outside the US.

However, a closer look at Apple’s Irish entities...

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