After an exhaustive investigation, the European Commission found that Ireland’s tax arrangements with Apple are illegal and that it owes the Irish government €13 billion. But that’s not even the half of it. Apple has close to €200 billion in profits tucked away in offshore accounts.
Apple is one of many multinational corporations that dodge taxes by hiding profits in offshore accounts, meaning that corporations evade paying billions in taxes by deliberately directing revenue to tax havens, like Ireland.
The EU investigator has now suggested other countries should examine how Apple does its business worldwide – and every jurisdiction should claim a share of the unpaid tax from Apple for the same period.
SumOfUs started a petition to demand that Apple pays what it owes. GoodElectronics already signed it, are you joining too?