Is President Barack Obama already thinking about his next job? In the coming months, he will guest-edit an issue of tech-focused Wired magazine.
The European Commission's demand for Apple to pay Ireland some 13 billion euros in back taxes has put the country in the strange position of refusing the windfall for fear of scaring away valuable investment.
Take one set of European profits, one phantom headquarters and two companies and there you have it: Apple's recipe for avoiding tax.
The European Union's crackdown on corporate tax avoidance has landed on Apple ; its antitrust regulator is demanding that the U.S. tech giant pay Ireland up to 13 billion euros ($14.5 billion) plus interest in back taxes.
The EU's decision to make Silicon Valley giant Apple repay 13 billion euros in back taxes in Ireland is the latest in a string of competition cases against US firms.
The US Treasury Department on Tuesday slammed an EU ruling ordering Apple to pay record back taxes, saying the decision threatened the bilateral "spirit of economic partnership".
Apple vowed Tuesday to appeal an EU ruling ordering it to pay a record 13 billion euros in back taxes in Ireland, saying the decision would harm jobs and investment in Europe.
Apple has to pay up to 13 billion euros ($14.5 billion)—plus billions more in interest—in back taxes to Ireland after the European Union found Tuesday that the U.S. technology giant contributed almost no tax across the ...
The EU ordered tech giant Apple on Tuesday to pay a record 13 billion euros in back taxes in Ireland, a move Washington warned could damage hugely important transatlantic economic ties.