By Noel Young

The European Union’s antitrust regulator is has ordered Apple to pay €13bn (£11bn) in back taxes to Ireland after it was found to have breached the EU state-aid rules.

The Commission said Apple’s tax benefits were illegal as it enabled it to pay substantially less than other businesses with what amounted to a corporate tax rate of no more than 1 per cent.

Ireland’s finance minister, Michael Noonan, said that he disagreed “profoundly” with the decision.

“The decision leaves me with no choice but to seek cabinet approval to appeal. This is necessary to defend the integrity of our tax system; to provide Read full story ›

Source: The Drum