The European Commission’s decision to force Apple to pay Ireland billions of dollars in back taxes is “total political crap” and a reflection of anti-U.S. sentiment, company CEO Tim Cook told the Irish Independent in an interview published Thursday.
“No one did anything wrong here,” Cook said. “Ireland is being picked on, and this is unacceptable.”
The EC ruled Tuesday that Ireland gave Apple illegal tax benefits by not collecting €13 billion ($14.5 billion) in taxes owed to it over a 10-year period. It was the culmination of a two-year investigation into the company’s tax affairs that found Apple’s effective tax rate on profit reported in Ireland was just €500 per million euros in profit, falling to €50 per million in 2014.
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Source: COMPUTER WORLD