Apple is being forced to pay roughly
fourteen point five billion dollars in
back taxes to Ireland and what's
regarded as Europe's biggest tax penalty
after a multi-year investigation the
European Commission ruled the technology
giant received unfair and illegal tax
breaks in Ireland or its European
headquarters are located the 14.5
billion dollar fee represents more than
a decade of tax breaks in 2003 the Irish
government was charging Apple one
percent on its European profits trip to
2014 and the tax rate fell all the way
to point zero zero five percent
according to the Commission Ireland will
have to be the one to recover the back
taxes but both Apple and Ireland are
expected to appeal the ruling the
European Commission said the amount
Apple is forced to pay Ireland could go
down if other countries including the US
are willing to tax the technology
company more it's unlikely the US will
go for that though since American
officials are warning the Commission
it's exercising more power than it has
and arguing taxes are a national
government issue a recent report by the
US Treasury Department said these
European Commission investigations could
hurt the US government's ability to tax
American companies the European
Commission has argued that profits
should be taxed or profits are made for
newsy I'm Ryan week