Aug
30
Apple CEO Fires Back at EU's $14.5 Billion Tax Decision
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Apple CEO Tim Cook fired back Tuesday following the European Commission’s ruling that Ireland illegally gave the tech titan preferential tax breaks for more than a decade.
The Cupertino, Calif.-based device maker was ordered to repay $14.5 billion, plus interest, as part of the commission’s judgement. For a full breakdown on the ruling, see Apple’s $14.5 Billion EU Tax Ruling: Here’s What You Need to Know.
In “A Message to the Apple Community in Europe” posted on the company’s website, Mr. Cook explains that Apple is the largest taxpayer in Ireland, the U.S. and the entire world. He then goes on to explain why the commission’s ruling makes no sense to him:
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