Apple will apparently mount a legal challenge against European Regulators after they ruled that Apple should pay an extra $14 billion in tax for their tax deal with Ireland.
Ireland have also said previously that they will challenge the ruling bu the EU regulators. Apple have said that the regulators have ignored tax experts and corporate law and have gone out of their way to maximize the penalty.
Back in August, European Regulators ordered Apple to pay €13 billion which is about $14 billion to Ireland in taxes, Ireland has said that Apple does not owe this amount and will challenge the ruling.
It will be interesting to see what happens between Apple and the EU regulators, as the final ruling could affect a number of other companies in Europe who operate in a similar way.
Source Reuters
Filed Under: Apple, Top News