Apple gets an unexpected €13 billion tax bill

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Apple just got landed with the tax bill from hell.
Photo: Ste Smith/Cult of Mac

The verdict’s in on Apple’s European tax investigation, and the company has been landed with a massive €13 billion ($14.52 billion) bill for unpaid back taxes in the Republic of Ireland.

The order was made by European Union competition officials, ruling that Apple was taking advantage of illegal state aid that allowed it to route profits through Ireland.

Will EU hammer Apple for Irish tax arrangements? We’ll know soon

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Apple may owe billions of euros in back taxes.
Apple may owe billions of euros in back taxes.
Photo: Milo Kahney/Cult of Mac

Apple’s tax drama in Europe will finally come to a close later this fall.

The iPhone-maker has come under scrutiny from the European Union due to its tax deal with Ireland that safe guards Apple from paying taxes on billions of dollars in profits. Ireland’s finance minister revealed that he has no idea which way the decision will go, but he was told it’s coming soon.

Apple says it ‘pays every cent’ it owes in E.U. tax

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Apple raked in the cash last quarter.
Apple claims it doesn't receive favorable tax deals in Ireland.
Photo: Jim Merithew/Cult of Mac

Apple has spoken up about the European Union investigation into its Irish tax affairs, telling a panel of E.U. investigators that it pays “every cent of tax” it owes in the country, and that it gets no advantage whatsoever compared with other companies.

Apple’s CFO says the company should pay ‘zero’ extra tax in Europe

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Apple's Chief Financial Officer thinks Apple doesn't owe the E.U. one extra cent.
Photo: Ste Smith

Despite the noise being made about big multinationals using loopholes to avoid paying tax, Apple’s Chief Financial Officer Luca Maestri has made it clear how much he thinks Apple owes as part of the European Union’s ongoing investigation.

“My estimate is zero,” he told the Financial Times. “I mean, if there is a fair outcome of the investigation, it should be zero.”

Don’t spend it all at once, E.U.!

Hold onto your seats! Here’s an update on the Apple tax investigation

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Ireland has a few more weeks to wait to find out if it's broken the law.
Photo: Jim Merithew/Cult of Mac

After having initially been promised for a Christmas deadline, it now appears that both Apple and Ireland will have to  wait until February to receive the verdict of European Union regulators on whether or not Ireland has broken international tax rules by letting Apple shelter profits worth tens of billions of dollars there.