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.