RSS

APPLESAUCE: Apple May Be on Hook for $8 Billion in Taxes After Europe Probe

apple watchBloomberg Business: The world’s largest company could owe more than $8 billion in back taxes as a result of a European Commission investigation into its tax policies, according to an analysis by Bloomberg Intelligence. Apple, which has said it will appeal an adverse ruling, is being scrutinized by regulators who have accused the iPhone maker of using subsidiaries in Ireland to avoid paying taxes on revenue generated outside the U.S.


Your Comment