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Tax Avoider Apple, Pleads For Leniency

Apple who for decades have raked billions of dollars out of the Australian market while using schemes to avoid paying tax, is confident of cutting a deal with the European Union a market where they were also nobbled for not paying a fair amount of tax.

Chief Executive Tim Cook’s comments came as the company battles the EU after the bloc imposed a tax bill of as much $20 Billion plus interest on the company,

The EU claimes Ireland illegally gave it special treatment that lowered Apple’s liabilities. Apple, which has appealed the decision, is the largest taxpayer in the world and has followed all tax laws, Cook said. Ireland also said it did nothing wrong.

(AP Photo/Mark Lennihan)

Cook said the debate on taxing “complex” multinational companies needs to take place at a global level. The OECD is meeting with countries this year about a plan to overhaul the tax system and address concerns that these firms, particularly tech giants, aren’t paying taxes in the right amounts or to the right countries.

Cook was in Dublin to receive an award from Irish Prime Minister Leo Varadkar for his company’s contribution to the nation’s economy since it set up a base there in the 1980s.

Cook said he’s “hopeful and optimistic” the EU intergovernmental Organization for Economic Co-Operation and Development will strike a deal on corporation tax, as his company battles the European Union over a tax bill.

SAN FRANCISCO, CA – JUNE 08: Apple CEO Tim Cook delivers the keynote address during the Apple WWDC on June 8, 2015 in San Francisco, California. Apple annouced a new OS X, El Capitan, iOS 9 and Apple Music during the keynote at the annual developers conference that runs through June 12. (Photo by Justin Sullivan/Getty Images)

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