Apple fights back over EU tax ruling

Apple issued a lengthy statement, pointing it out that it was the largest taxpayer in the world, in the US and in Ireland.

It said if the EU ruling went against it, the company would pay 40% of all the corporate taxes collected in Ireland.

Apple said it paid a 26% tax rate on its worldwide earnings, but said it was correct that it paid most of that in the US.

"Because our products and services are created, designed and engineered in the US, that's where we pay most of our tax... this case has never been about how much tax Apple pays, it's about where that tax is paid."

Related Stories

$40 000 Boost for young e

Zim’s beneficiation pla

Zim urged to harness biom

Zim’s Share ownership s

Mining Industry on recove

Can Zim’s small scale m

Tribute to Dr Lawrence Mu

Mozambique to host energy

A boon for local investor

1st Phase of ZTK intercon

Zim’s dairy industry po

Smallholder dairy farmers