EU questions Ireland's tax deal with Apple

By

European Union antitrust regulators have asked Ireland to provide details of its tax arrangements with Apple (AAPL.O) in 1990 and 2007, warning that they could amount to illegal state aid which may be recovered from the U.S. company.

In a letter published on Tuesday, European Commissioner Joaquin Almunia told Ireland it must provide the details of the tax arrangements, which in his preliminary view could constitute illegal state aid and therefore be recoverable from Apple.

"The Commission's preliminary view is that the tax ruling of 1990 (effectively agreed in 1991) and of 2007 in favor of the Apple group constitute state aid," Almunia wrote.

Tags
European Union, Ireland, Apple
Join the Discussion
More News
Rihanna

Woman Who Fired Shots at Rihanna's LA Home Claims Pop Star Was 'Stealing' From Her in Clips Posted Online

Baby

Houston Mom Stabs Toddler to Death, Throws Her Body From a Hotel Balcony

Alexander Brothers

Alexander Brothers Found Guilty in Federal Sex Trafficking Trial, Sentencing Set for August

Zohran Mamdani

Two Men Arrested After Throwing Homemade Bombs Near NYC Mayor's Home