Apple ordered to pay Ireland AED 52 bn in back taxes

The European Commission has ruled that Ireland must recover up to AED 52 billion in back taxes from Apple. After a three year long investigation they concluded that the US firm’s tax benefits were illegal. The Commission said Apple was coughing up substantially less than other businesses, in effect paying a corporate tax rate of 1%. Ireland has responded saying they profoundly disagree with the ruling.

More from Business News

On Virgin Radio today

Trending on Virgin Radio

  • Talent Takeover

    For one morning only, you could host the UAE’s biggest radio show, The Kris Fade Show - live across the nation.

  • Untold Dubai

    It arrived: The UAE's First Mega Music Festival at Expo City Dubai!

  • If Craig David had a verse on Azizam

    The legendary Craig David joins The Kris Fade Show for an unforgettable chat!

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...