Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf]
by eesmith on Tuesday September 10, 2024 @02:10PM
(#41503796)
While <1% is correct it's over two magnitudes too large. Saying <0.01% would be more informative.
"The EU head office said that Ireland granted such lavish tax breaks to Apple that the company's effective corporate tax rate on its European profits dropped from 1 percent in 2003 to a mere 0.005 percent in 2014." https://apnews.com/article/apple-european-union-tech-b1575db...
"The EU head office said that Ireland granted such lavish tax breaks to Apple that the company's effective corporate tax rate on its European profits dropped from 1 percent in 2003 to a mere 0.005 percent in 2014." https://apnews.com/article/apple-european-union-tech-b1575db...