Apple on firm financial footing as EU tax bill hits


  • TECH
  • Thursday, 01 Sep 2016

Customers sit as they queue for the opening of the first Apple store in Brussels, Belgium September 18, 2015. REUTERS/Francois Lenoir/Files

SAN FRANCISCO: A multi-billion-dollar tax bill imposed by the European Union could bruise Apple’s image more than its finances, which remain solid even as the trend-setting company looks for the next big thing. 

Analysts interviewed by AFP saw Apple as being in position to fend off the blow from the EU demand that the iPhone maker pay a record €13bil (RM59.23bil) in back taxes in Ireland. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Honey, I love you. Didn’t you see my Slack about it?
The architects of ‘Hades’ strive to bewitch gamers again
A pithy YouTube celebrity’s plea: Buy this video game
Coming soon: Control your smartphone with facial expressions
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
DXC Technology tumbles as investors fret over latest restructuring plan
Microsoft to release next 'Call of Duty' game on subscription service, source says
US labor board will suspend case against SpaceX pending company's legal challenge
Nigeria court rules Binance executive can face trial on behalf of crypto exchange

Others Also Read