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EU Orders Apple Pay $14.5 Billion in Back Taxes to Ireland

HeadlineAug 31, 2016

European Union officials have ordered Apple to pay $14.5 billion in unpaid taxes to Ireland—the biggest single tax ruling in EU history. The European Commission says Apple received an illegal tax break from Irish officials under which Apple paid a tax rate of 0.005 percent. Apple is one of the largest technology companies in the world.

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