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

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There's still a lot of money left in iOS devices.
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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apple-money
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.

Apple launches Personal Pickup in six E.U. countries

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Members of the press were given a preview of the new Apple Store in Brussels, which official opens Saturday.
Apple is making its retail store services more consistent around the world.
Photo: Photo Bruno Dalimonte/macplus.net

Apple has expanded its Personal Pickup scheme — which allows customers to order products online and then pick them up in their nearest brick-and-mortar Apple Store — to six new countries in the European Union, including France, Germany, Italy, the Netherlands, Spain and Sweden.

Apple must wait until 2016 for tax break verdict

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Yep, Apple's pretty darn valuable.
Apple could have to pay back billions as a result of tax probe.
Photo: Cult of Mac

Having previously said that he expected to receive the European Commission’s verdict on Apple’s Irish tax arrangements by Christmas, Ireland’s Finance Minister Michael Noonan now claims that an announcement is likely to be delayed util next year.

The delay in the long-running investigation is the result of regulators asking for additional information from the Irish government, which will take several weeks to gather.

E.U. regulators will decide if Apple’s Irish tax deal is illegal by Christmas

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Apple raked in the cash last quarter.
Did Apple benefit from sweetheart deals in the E.U.?
Photo: Jim Merithew/Cult of Mac

Apple’s tax practices in Europe have been the subject of investigation for some time now. However, European Union regulators say they’ll finally have a conclusion as to the question of whether Apple benefited from “illegal tax sweeteners” by the end of this year.

According to Ireland’s finance minister Michael Noonan, the decision will be announced, “between now and Christmas.”