Apple appeals against $14 billion European tax bill with 14-point legal plea

Last year Apple was hit with $14 billion tax bill after the European Commission decided the company had enjoyed "illegal tax benefits" in Ireland. Apple said that it would appeal against the ruling which Tim Cook described as "maddening", but Europe is showing increased interest in cracking down on technology companies taking advantage of tax loopholes. The appeal has now been placed, and Apple is asking the appeal court to either partly overturn the Commission's ruling and pay its legal fees, or completely overturn the ruling. That fact that Apple is setting forth two possible outcomes would indicate that it… [Continue Reading]