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Wednesday 31 August 2016

Apple receive harsher financial penalty in its history due to Ireland

Apple receive harsher financial penalty in its history due to Ireland

It seems that the relationship between the US technology giant "Apple" and the EU actually is fine is not, as the European Commission of the Union of its decision to fine Apple record amount in favor of the Republic of Ireland User in this union, and it has issued against the backdrop of the issue of back taxes.

The European Commission had opened an investigation continued for three years and finally concluded that Apple got from the State of the Republic of Ireland on the tax concessions are illegal since they are much less and do not exceed 1 percent of what you pay those taxes companies from competition.

The European Commission has committed Apple to pay compensation to the Republic of Ireland, and that for the period between 2010 and 2014 to recover unpaid taxes by the company, but that both Apple and Ireland have voiced their anger and rejection to this decision and confirmed that they are planning to appeal formally to the European bodies competent.

In the case of non-acceptance of the appeal, the decision will serve as a severe blow to Apple, which will be forced to pay a huge compensation.

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