APPLE ORDERED TO PAY BILLIONS IN EU TAX: BRITAIN WANTS THEM, LOW RATES, BREXIT

Posted on August 30, 2016

1


Telegraph: “Britain could cut corporation tax to attract major international companies under plans being considered by Theresa May after Apple was hit with a record tax bill by Brussels. Downing Street yesterday said it would “welcome” Apple to the UK after the European Commission took the extraordinary step of hitting the company with an £11billion fine.”

In a damning report published yesterday, the commission found that a deal with Ireland meant the technology giant paid as little as 0.005 per cent tax on its European profits for more than a decade.”

Tim Cook: “The Commission’s move is unprecedented and it has serious, wide-reaching implications. It is effectively proposing to replace Irish tax laws with a view of what the Commission thinks the law should have been.”

.


Telegraph: Downing Street says tech giant ‘welcome’ to come to UK after EU orders Ireland to claw back £11bn

Advertisements
Tagged: , , , , ,
Posted in: News