Apple agrees to cough up for $15 billion Irish tax bill

Apple is just one of many technology companies whose tax arrangements in Europe have been criticized. Like other firms, Apple made use of Ireland to help reduce its tax bills, and this is something that the European Commission took exception to. Last year the EC said that tax benefits received by the company in Ireland were in fact illegal under EU law, and ordered that an outstanding €13bn ($15.3bn) tax bill be settled. Despite Apple not wanting to pay the bill -- and the Irish Government not wanting to receive it -- the two sides have now come to an… [Continue Reading]