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- Apple (AAPL) will appeal against the requirement of the European Commission to repay $ 14 billion in taxes
Apple (AAPL) will appeal against the requirement of the European Commission to repay $ 14 billion in taxes
According to Reuters, Apple plans to file an appeal against the decision of the European Commission (EC) for the recovery of $ 14 billion in unpaid taxes. The company argued that the EU regulatory authorities have ignored the views of tax experts and corporate law, and deliberately chose a method to maximize the fine.
Recall, on August 30, the European Commission recognized that the Irish government illegally helped Apple significantly underestimate the amount of tax deductions for the period from 2003 to 2014. The Company is obliged to compensate for the missing amount plus interest. Apple (AAPL) and Ireland denied the charges.
AAPL shares fell in premarket trading to $ 115.85 (-0.10%).
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