Tim Cook hits back at 'maddening' European ruling on Apple tax

Apple CEO Tim Cook, talking to Ireland's RTÉ News, says that allegations put forward by the European Commission that his company owes $14.5 billion in back tax are 'maddening'. He is also very confident that the Commission's ruling will be overturned on appeal. Echoing an open letter published earlier in the week, Cook said that the claims that Apple was given preferential treatment and special tax arrangements in Ireland have "no basis in fact or in law". The Irish cabinet has already met to discuss how to tackle the appeal that Apple is expected to launch, but has yet to… [Continue Reading]