Press "Enter" to skip to content

Lawyers Of Apple Launch A Scathing Attack On The European Union

Apple has been ordered by the European Union to pay an amount close to $14.3 billion as cover back taxes that is owed by Apple to Ireland as per the European Union. However, Apple is opposing the bill saying that the tax bill is not in sync with reality and common sense in a new statement they submitted to European court. The attack was for the cover back taxes it has asked to pay apple. Says it defies common sense and reality

Apple have their European headquarters in Ireland for the purpose of taxation and had originally been ordered a payment of back taxes in the year 2016 after the company had paid at a tax rate of only 0.005% in Ireland for the year 2014. However the lawyers of Apple have insisted that the European Union is only attempting to grab headlines through their quoting of tiny numbers.

One of the many lawyers of Apple said about the case that the commission’s contentions essentially mean that the profits of Apple from the sales outside the Americas are attributed to the two branches of Ireland.

The lawyer has also pointed that the products of Apple had all been developed in the United States and the attempt to tie profits of everywhere else in Europe and headquarters in the Ireland will be an unfair one. In the previous year, Apple had paid $0.00 as federal tax in the United States even after earning profits of $11.2 billion.

The lawyers say that if the European courts have to claw back the profits from Apple they should be changing the international system of taxation.

Ireland in this dispute has been supporting Apple primarily because it wants to retain the reputation it has of being a tax haven for many multinational corporations.

Jessica Branson
Content Editor At Pharma Industry Reports

Jessica holds a degree in Astrophysics and has always been a true fanatic of the outer world, space, universe, and mysteries that lie within it. Taking this enthusiasm and dedication into consideration, Jessica seemed to be the apt choice to be given the responsibility of the Science domain. She has been working with this organization for 2 years now. Earlier, she worked as a Content Writer and Editor in Medical Device News organization. Jessica writes news articles, blogs, and reports pertaining to the Science domain that encompasses new findings & discoveries, alien life, new satellite & spacecraft liftoffs, space competitions, inventions & innovations, galaxies & outer space, planets & exoplanets, and much more.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *