Apple’s EU Tax Ruling: Bernie Sanders Hails Decision, Turkey Invites Company To Move
September 3, 2016
Apple, Inc., the world’s most profitable company and the largest by market capitalization, was handed a ruling by the EU’s European Commissioner for Competition Margrethe Vestager on Tuesday, which said it must pay up to 13 billion euros ($14.5 billion) to Ireland in unpaid taxes. While Apple — entirely understandably — and Ireland — not so understandably — have both said they will appeal the ruling, the United States said the judgment could be unfair to U.S. taxpayers.