Apple facing Europe s biggest tax fine up to a maximum of 19 billion

Foreign media news, the EU ruled that Apple got Ireland illegal government aid, Apple will today receive Europe’s biggest tax fine, up to a maximum of $ 19 billion.

According to the financial times, EU competition Commissioner in charge of antitrust investigations Margrethe Vestager would tell the EU’s Executive Commission on Monday issued final conclusions, judge Ireland Government sent to Apple by the two tax withholding in violation of EU legislation, giving other companies do not enjoy preferential treatment.

In 2014, the Committee investigation, after three years of investigation, finally released 130-page judgment. European Commission pointed out that Ireland relating to tax arrangements designed specifically for Apple, Apple to pay a minimum tax. Data show that only non-European 1% of sales tax rate, far below Ireland the formal tax levied on business profits 12.5%. Meeting records show that the tax arrangements are based on employment consideration, Apple reported in Ireland the number of employees accounted for one-fourth of the total number of employees in Europe.

Analysts expect the European Commission asked Apple to pay tax between 1 billion to 19 billion dollars, the amount depending on the final proposition of the European Union and Ireland depending on the Government.

Known, both denied any wrongdoing, the decision is certain to inspire the Apple and Ireland appeal to the European Court. Consider the Wall Street Journal the EU Apple filling tax penalty may inflame tensions on both sides of the Atlantic. MCM

The recovery will probably be Brussels was authorized to supervise companies in Europe, the largest since a fine after receiving the maximum fine is France electricity (EDF), the company was required to pay 1.4 billion euros.

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