Apple Cfo Says Tax Investigation Is Between Eu Ireland Fair Outcome Would Mean Zero Back Taxes
A report earlier this month from Bloomberg claimed that Apple could owe more than $8 billion in back taxes if the European Commission rules that its Ireland setup is illegal. Speaking to the Financial Times today, Apple CFO Luca Maestri commented on the ongoing European investigation and said that he estimates Apple will have to pay $0 in back taxes, assuming the investigation outcome is “fair.” Maestri had the following to say regarding the European Commission’s investigation into Apple’s tax practices:...