Apple Could Owe Over $8 Billion In Unpaid Taxes

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Tim Cook

Apple could be asked to pay back-taxes of over $8 billion after a preliminary finding by the European Commission (EC) that its tax deals with the Irish state breached rules over state aid. If Ireland is found to have breached state aid rules, Apple could be facing a bill of almost $8 billion plus interest.

In its report released today the EC found that tax deals struck in 1990 and 2007 “confer an advantage on Apple” that are not be compatible with rules covering the treatment of companies within the European single market.

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