BRUSSELS: The US tech giant, Apple, has been accused of illicit tax dealings and tax evasion in Ireland.
The European Union (EU) is set to unveil its investigation, in which Apple enjoyed a low rate of less than 2 per cent through tax deals in Ireland and got an unfair competitive advantage. The EU launched an investigation in June into tax deals negotiated by Apple, Fiat and Starbucks with Ireland, Luxembourg and the Netherlands.
The European Commission would take action against the US company as per the decisions taken in June, a spokesman said. The Commission will publish details of the decision to open the investigation into Italian automaker Fiat’s tax deals.
