EU rules against Apple in Ireland’s tax dispute

Apple will on Tuesday be hit with Europe’s largest tax penalty after Brussels ruled that the company received illegal state aid from Ireland.

The company will have to pay billions of euro in back taxes to Dublin as the European Commission moves to redraw the boundaries on aggressive tax avoidance by the world’s biggest corporations.

It’s important to note that Apple has paid every penny it owed in taxes. Based on Tim Cook’s previous comments, an appeal to this decision is certain.