You are here

Apple could face Europe tax bill of over US$8b

Monday, January 18, 2016 - 05:50

BT_20160118_DNAPPLE18_2071481.jpg
Apple is being scrutinised by regulators who have accused the iPhone maker of using subsidiaries in Ireland to avoid paying taxes on revenue generated outside the US.

San Francisco

APPLE Inc may be facing a hefty tax bill in Europe.

The world's largest company could owe more than US$8 billion in back taxes as a result of a European Commission investigation into its tax policies, according to an analysis by Matt Larson of Bloomberg Intelligence.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom