Following its investigation over Ireland's questionable tax breaks for Apple back in 2014, the European Commission has found out the company to be guilty of receiving "illegal aid". As a result, Apple has to give back the €13 billion it saved over the 2003-2014 period. The investigation concluded that Apple paid an effective corporate tax rate of 1% on its profits in Europe in 2003, whereas in 2014 the rate was as low as 0.005%. However, Ireland's official corporate tax rate is 12.5%. EU tax officials have found that whenever someone buys an Apple product in Europe, the Middle East,...
Source: http://www.gsmarena.com/european_commission_orders_apple_to_pay__euro13_billion_tax_fine-news-20220.php
