EU Probing Apple – Again
BELGIUM – Apple nemesis Margrethe Vestager, the EU’s competition commissioner, has not ruled out further probes into the iPhone maker after the Paradise Papers revealed Apple has been using a tax shelter in the Channel island of Jersey (CDN, yesterday).
Vestager has asked Apple for details of its recent tax restructure, following last year’s order to pay back taxes of up to 13 billion euros (US$15 billion) to Ireland.
She has said she wants to make sure Apple now complies with the Euro bloc’s rules which ban unfair state aid – but her request came before the Paradise Papers were released this week.