EU's Vestager warns others, says Apple could cut bill


epaselect epa05515155 Danish EU Commissioner for Competition Margrethe Vestager speaks at a news conference on a case of illegal tax benefits for US company Apple at the European Commission, in Brussels, Belgium, 30 August 2016. Ireland gave illegal tax benefits to Apple worth up to 13 billion euros, Vestager said explaining the results of European Commission investigations examining whether decisions by tax authorities in Ireland, with regard to the corporate income tax to be paid by Apple comply with the EU rules on state aid. The Commission has been investigating under EU state aid rules certain tax practices in several member states following media reports alleging that some companies have received significant tax reductions by way of 'tax rulings' issued by national tax authorities. EPA/STEPHANIE LECOCQ

BRUSSELS: Other multinationals which do not employ as extreme Irish tax schemes as Apple but shift profits via the country to tax havens could also be breaching EU rules, Competition Commissioner Margrethe Vestager said on Sept 1. 

She handed the iPhone maker a record €13bil (RM59.50bil) bill for Irish registered units that Dublin authorities accepted were liable to tax in no country on Aug 30. 

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Japan approves additional $4 billion for chipmaker Rapidus
Online, motherhood Is a test no one can pass
AI chatbots offer children harm as if it were help, says activist
OpenAI identifies security issue involving third-party tool, says user data was not accessed
Losing jobs and minds? AI effects will be far-reaching, analysts warn
US judge blocks Arizona criminal case against Kalshi at CFTC's request
How AI helped 1 man (and his brother) build a US$1.8 billion company
Proxy adviser Glass Lewis recommends Warner Bros shareholders vote for Paramount deal
Tesla's supervised self-driving software gets Dutch okay, first in Europe
IBM to pay $17 million to settle US government probe over DEI

Others Also Read