Ron Burgundy Posted September 26, 2016 Share Posted September 26, 2016 A multi-billion euro back tax bill handed to Apple by the European Commission should not be seen as a precedent for future tax cases as it was based on state aid rather than tax law, the OECD official spearheading global tax reform said on Monday. European Union antitrust regulators last month ordered Apple to pay up to 13 billion euros ($14.6 billion) in back taxes to the Irish government after ruling that a special scheme to route profits through Ireland constituted illegal state aid. Pascal Saint-Amans, who is leading the Organisation for Economic Co-operation and Development's flagship Base Erosion and Profit Shifting (BEPS) project, said that under the new OECD rules, most of the tax from U.S. technology multinationals like Apple should be due in the United States, not Ireland. View the full article Quote Link to comment Share on other sites More sharing options...
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