Today's Hard|Forum Post
Today's Hard|Forum Post

Monday September 29, 2014

Apple Faces Billions In Fines In Tax Avoidance Probe

Good thing Apple is sitting on a huge pile of cash because it looks like the company is going to need it. eek!

Apple faces fines of billions of euros as investigators prepare to accuse the company of receiving illegal state aid in Ireland for more than 20 years. The European Commission began looking into Apple's tax affairs in Ireland, where the US company sites its international headquarters, in June. This week, according to the UK's Financial Times, the EC's preliminary findings will be presented with formal accusations against Apple.