What is Apple’s $14.5bn Irish tax penalty all about?

by | Sep 5, 2016

The European Commission has concluded that Apple owes $14bn in Irish taxes. The commission found that Ireland has granted illegal tax benefits to Apple, which allowed the company to pay less tax than other companies over a number of years. The tax ruling is by far the biggest the EU has ever made regarding a single company. It could spark a transatlantic row over how Europe treats big U.S. companies, as well as straining the relationship between Ireland and the EU. Here David Cheetham, Market Analyst at XTB, explains how Apple’s share price has reacted to the news.

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:

Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order. Brokerage services, including fractional trading of US securities, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

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