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.!

London’s mayor defends Apple’s tax practices in E.U.

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money
London's mayor doesn't think Apple's necessarily in the wrong.
Photo: Universal Pictures

Apple’s tax situation in Europe is currently the subject of an E.U. investigation — and public opinion hasn’t been helped too much by Google recently agreeing to pay what many view as a derisory sum of £130 million ($185m) in U.K. back taxes for the past ten years.

But Cupertino has an unexpected champion in the form of tousle-haired London mayor (and possible next Prime Minister) Boris Johnson. Kind of.

Apple could owe $8 billion for its overseas cash pile

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Nothing like that post-Christmas bill, eh?
Photo: Universal Pictures

Apple could find itself on the receiving end of a hefty $8 billion bill for back taxes as a result of the current European Commission investigation into its tax policies, according to a new report from Bloomberg Intelligence.

If the Commission decides to enforce a tougher accounting standard on Apple, the company may owe taxes at a 12.5 percent rate on the roughly $64.1 billion in profit it generated from 2004 to 2012.

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.

Apple announces 1,000 new jobs in Ireland

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Apple's Hollyhill, Cork factory is the only Apple-run manufacturing facility in the world.
Apple's Hollyhill, Cork factory is the only Apple-run manufacturing facility in the world.
Photo: Irish Examiner

Apple has announced plans to hire an extra 1,000 employees in Ireland — as the deadline draws closer concerning the European Union announcing their decision about whether or not Apple dodged taxes thanks to the Irish government.

Apple will add 1,000 staff to its offices in Cork by mid-2017, where it currently operates the only Apple-owned manufacturing facility in the world, building Mac computers.