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European Union

The European Union orders Apple to pay up to 13 billion euros in back taxes to Ireland. A three-year investigation by the EU's competition commissioner concludes that Apple received "illegal state aid" from Ireland, the EU order that Apple pay 13 billion euros ($14.5 billion), and, in addition, also interest and unpaid taxes.

The European Commission ordered Apple Inc to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.

  1. Reuters (Image)