CFO: Apple should owe nothing from EU Ireland investigation

CFO: Apple should owe nothing from EU Ireland investigation

Following a meeting by Apple CEO Tim Cook with the head of the antitrust investigation against Ireland on behalf of the European Commission, Apple’s CFO has told London’s Financial Times that should Ireland be found guilty of giving companies like Apple “special state aid,” Apple should owe nothing in back taxes. The crux of remarks by Luca Maestri is that Apple did not receive any special deal from Ireland, but if Ireland illegally lowered its tax rate to benefit corporations, it is the state — and not the companies that benefitted from the lower rate — that should pay any penalties….

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