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In the News

Apple faces an £11n corporation tax bill from the EU

Graham Watson

30th August 2016

The European Commission have gone for a big fish in their first attempt to tackle corporate tax evasion. So, Apple, and the Irish government, are in the firing line for their tax arrangements with the Commission concluding "The standard rate of Irish corporate tax is 12.5%. The Commission's investigation concluded that Apple had effectively paid 1% tax on its European profits in 2003 and about 0.005% in 2014."

Both parties will appeal. Quelle surprise!

Apple tax move praised by Nobel winner Joseph Stiglitz Joseph Stiglitz (BBC Radio 4)

EU action over Apple tax explained

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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