Channel NewsAsia
AsiaPac · 2 hrs ago
Apple paid 40% of its global taxes to Ireland in last fiscal year
DUBLIN, Aug 21 : Apple paid Ireland $17.1 billion in taxes last year, representing around 40 per cent of its worldwide total, according to a company filing that detailed the iPhone maker's global tax liabilities country-by-country.Apple said the amount paid to Ireland was "significantly higher" than income taxes accrued as it included €13 billion ($15.18 billion) in back taxes that it was ordered to pay Ireland by European Union's top court in 2024. Ireland fought the EU back-tax bill alongside Apple for eight years, seeking to defend its position as the location of choice for U.S. multinationals in Europe - and the billions of euros in direct and indirect taxes they bring in each year. In 2016, the European Commission's competition chief at the time, Margrethe Vestager, accused Ireland of
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