The Presidential Daily Brief

important

  1. apple store shutterstock 107851007

    Ireland: EU Overstepped in Apple Tax Case

    They’re choosing sides. Last summer, the European Commission demanded that Apple pay $13.5 billion in back taxes after it determined that Ireland had given the company a sweetheart deal allowing it to pay virtually no taxes by attributing earnings to a “head office” that had no tax residency anywhere. Apple says it was unfairly targeted, and now Ireland’s strongly supporting the company’s position, saying the EU’s executive arm misinterpreted Irish tax law. Apple is launching an appeal this week against the European Commission, which says it’ll defend its original decision.

This story is part of The Presidential Daily Brief

view full edition