EU: Apple not the last in line to pay back taxes

Despite both the nation of Ireland and Apple Inc. contesting the decision, European Competition Commissioner Margrethe Vestager remains firm on collecting $14.5 billion in back taxes from the US company.

Her statement regarding the issue was: “No government can give a selective advantage to a specific company because that would make competition unfair. That is exactly what we are dealing with here, we find that due to two tax rulings, Apple has received illegal state aid from Ireland in forms of taxes not being paid. And, of course, these taxes have to be paid.”

In addition to the current investigations into McDonalds, Amazon and Fiat in Luxembourg, the EU is also looking into 35 companies gaining tax advantages in Belgium.

The EC also announce a new move on Monday when it introduced and investigation into whether French energy company Engie avoided taxes with a deal with fellow EU member Luxembourg.

Full Content: USA Today

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