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. 

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