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International Tax Planning – EU orders Apple to Repay 14 billion Euros of Taxes

Corporations with multi national operations routinely undertake international tax planning to try to reduce their overall tax burden. National tax authorities have been targeting international operations for some time now. Transfer pricing audits by CRA are routine and have as their purpose ensuring that prices paid by a Canadian corporation to an offshore affiliate are at fair market value. In this case the EU has accused Ireland of state assistance to Apple and ordered Apple to repay some 14 billion Euros of taxes. This ruling is being challenged by both Ireland and Apple, which both say that the tax paid by Apple was in accordance with existing Irish tax laws.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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