EU's Vestager Seeking Details on Apple's Recent Tax Setup

Advertisement
By Reuters | Updated: 8 November 2017 15:51 IST

European Union regulators have asked iPhone maker Apple for details of its recent tax structure following last year's order to pay back taxes of up to EUR 13 billion ($15 billion) to Ireland, Europe's antitrust chief said on Tuesday.

European Competition Commissioner Margrethe Vestager, who issued the record back-tax bill against Apple in August 2016, said she wanted to make sure the company now complies with the bloc's rules which ban unfair state aid.

Advertisement

"I have been asking for an update on the arrangement made by Apple, the recent way they have been organised, in order to get the feeling whether or not this is in accordance with our European rules but that remains to be seen," Vestager told a news briefing at an international tech summit in Lisbon.

"We are looking into this of course without any kind of prejudice, just to get the information," she said.

Vestager said her request preceded reports based on the "Paradise Papers" which showed that Apple shifted key parts of its business to Jersey as an offshore tax haven in a move to maintain a low tax rate. Apple has said no operations were moved from Ireland.

"We have no contact after the Paradise Papers. We are in the process. There is no particular need," she said.

Advertisement

The company had no further comment on Vestager's remarks on Tuesday.

According to the August 2016 decision issued by the EU, Apple met with the European Commission in 2015 to explain its new corporate structure as well as submitting a summary with the key elements as a follow-up.

Advertisement

Vestager also said it was too early to say whether the latest leaks on tax arrangements by companies would lead to any general investigations.

"That remains to be seen if we will open more cases after the Paradise Papers."

Advertisement

The Commission last month sued Ireland for its tardiness in collecting the money from Apple.

"We have no indication when it comes to the time perspective of Apple's recovery. We do have from the Irish government the progress made," she said.

© Thomson Reuters 2017



(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Best Phones With Telephoto Cameras Under Rs. 40,000
  2. OnePlus 16 vs iQOO 16: Price and Specifications Compared
  3. Oppo F35 Pro 5G Review: An 8,000mAh Battery and a Lot to Like
  1. Samsung Galaxy F70 5G With 5,000mAh Battery, 50-Megapixel Camera Goes on Sale in India: Price, Offers
  2. Apple ‘Pro and Tell’ Event Set for Next Week; First MacBook With Touchscreen, New iPad Mini and More Expected to Launch
  3. Cysic Shuts Down Bridge After Attacker Illegally Creates 10 Million CYS Tokens
  4. JPM Coin Arrives on Ethereum as JPMorgan Expands Institutional Payments
  5. Vivo V80 FE Reportedly Spotted on BIS Certification Website, India Launch Seems Imminent
  6. Airtel’s New Recharges in India Announced: Rs. 185, Rs. 203 and Rs. 206 Voice-Only Plans Details
  7. Vivo X500 Ultra Leak Reveals Launch Timeline, Chipset, Display and Key Specifications
  8. iQOO Neo 12 Launch Date Announced; Design, Colour Options Teased
  9. Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets
  10. iPhone Duo Battery Capacity Revealed Days Before Foldable Goes on Sale
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.