E.U. competition chief asks Apple for details on tax arrangements

Posted in: Government & Policy at 09/11/2017 15:01

European authorities have asked Apple to share details of its recent tax arrangements as the company faces an order to pay $14.5 billion in back taxes while leaked documents have revealed new details of its alleged tax planning.

“I have been asking for an update on the arrangement made by Apple, the recent way they have been organized, in order to get the feeling whether or not this is in accordance with our European rules but that remains to be seen,” Margrethe Vestager, the European Union's commissioner for competition, said Tuesday at an international tech summit in Lisbon.

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