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. 2018

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.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, 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.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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