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Apple Ordered by EU To Pay $14 Billion in Back Taxes

Technology firm Apple has been ordered to repay taxes after the European Commission said it was illegal for Ireland to give the company huge tax breaks. The ruling has prompted Ireland to signal it will appeal the decision. The European Union has previously called Apple’s Irish tax deal illegal, but a ruling Tuesday by EU competition officials could force Apple to pay $14.5 billion in back taxes. Apple was able to legally funnel its international sales revenue through Ireland in order...

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