Wednesday, August 31, 2016

Apple tax: Downing Street says tech giant 'welcome' to come to UK after EU orders Ireland to claw back £11bn (The Telegraph)

The plot thickens; also see Apple and the EU (Beyond Devices) for a related reality check
"Britain could cut corporation tax to attract major international companies under plans being considered by Theresa May after Apple was hit with a record tax bill by Brussels.

Downing Street said it would "welcome" Apple to the UK after the European Commission took the extraordinary step of hitting the company with an £11billion fine.

In a damning report published on Tuesday, the commission found that a deal with Ireland meant the technology giant paid as little as 0.005 per cent tax on its European profits for more than a decade."
Apple tax: Downing Street says tech giant 'welcome' to come to UK after EU orders Ireland to claw back £11bn 
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