Apple Received $14.5 Billion in Illegal Tax Benefits From Ireland

By Natalia Drozdiak in Brussels and Sam Schechner in Paris 

BRUSSELS--The European Union's antitrust regulator demanded that Ireland recoup roughly EUR13 billion ($14.5 billion) in unpaid taxes from Apple Inc., a move that could intensify a feud between the EU and the U.S. over the bloc's tax probes into American companies.

The European Commission Tuesday said the tax arrangements Ireland offered Apple in 1991 and 2007 allowed the company to pay less than 1% or almost zero tax on its European profits for more than 10 years, between 2003 and 2014.

"The commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years," said European antitrust commissioner Margrethe Vestager.

Both Apple and Ireland can appeal the decision in court.

Write to Natalia Drozdiak at [e-mail] and Sam Schechner at [e-mail]

(END) Dow Jones Newswires

August 30, 2016 06:21 ET (10:21 GMT)

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