Apple Says EU's $14 B Tax Bill 'Defies Reality'
Apple, in the midst of a tax dispute with European regulators, has said the European Union's order it pay $14 billion in back taxes to Ireland “defies reality and common sense.”
Ireland, whose low tax regime has attracted several multinationals to set up their European headquarters there, is also challenging the Commission’s decision. The EU dismissed those arguments, saying it is not trying to police international tax laws but that Ireland simply did not properly assess Apple's tax bill and undercharged them. In 2014, Apple's Irish unit paid a 0.005 percent rate of tax.
Commission lawyer Richard Lyal said Apple’s argument that all its intellectual property-related activities take place in the United States was “perfectly correct and perfectly irrelevant,” arguing instead that Ireland, which taxed Apple's Irish subsidiaries, not Apple Inc. as a whole, had not properly assessed the functions performed by the company's Irish units, the assets used or the risks assumed by the subsidiaries.
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