Apple appeals EU tax ruling, says it was a ‘convenient target’

Reuters:

Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said.

Apple’s combative stand underlines its anger with the European Commission, which said on Aug. 30 the company’s Irish tax deal was illegal state aid and ordered it to repay up to 13 billion euros ($13.8 billion) to Ireland, where Apple has its European headquarters.

This story is far from over. Two forces are pulling hard at Apple. The EU wants maximum tax revenue, and the incoming US government wants Apple manufacturing back in the US.