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Apple issues statement denying wrongdoing in Irish tax loopholes

updated 03:54 pm EDT, Wed June 11, 2014

Company insists it 'pays every euro' it owes

Apple has issued an official response to the European Commission's investigation into its tax practices in Ireland. "Apple pays every euro of every tax that we owe," the statement reads. "We have received no selective treatment from Irish officials. Apple is subject to the same tax laws as scores of other international companies doing business in Ireland."

Many corporations, Apple included, are known to use loopholes in Ireland to pay minimal taxes on global revenues. While these actions are legal locally, the Commission argues that they may violate European state aid rules that prevent governments from giving preferential treatment to some businesses. Last year, US investigations into Apple's tax avoidance practices found no wrongdoing in American regulations.




by MacNN Staff

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Comments

  1. DiabloConQueso

    Fresh-Faced Recruit

    Joined: 06-11-08

    This is like making an NBA rule that says that if you make a basket from beyond the 3-point line that you get 3 points, then turning around and asking the players if they'd accept 2 points instead, and if they don't, you're gonna make them look like cheaters.

    Don't make stupid tax rules and then accuse companies of wrongdoing when they follow the rules. Change the rules.

  1. Spheric Harlot

    Clinically Insane

    Joined: 11-07-99

    More like the state of Tennessee instituting the three-point rule, resulting in a booming basketball industry, and the NBA announcing twenty years later that they're investigating whether that change was legal.

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