DUBLIN: Apple Inc. is rapidly expanding its footprint in Europe undeterred by the ongoing investigations into its tax arrangements in the region by the European Commission. The company is in the process of expanding its production capacity at its Cork plant in Ireland.
The development comes as the European competition commissioner Margrethe Vestager affirms that investigations into the company’s tax deals could be pushed further as a lack of required information continues to derail the process.
Apple is not the only company that has come under immense scrutiny from the regulatory agency. Facebook Inc (NASDAQ: FB) and Google Inc (NASDAQ: GOOGL) are also facing similar investigations related to their practices in the region, mostly related to how they handle the data of European citizens. The region has been a buzz of activity as the European Commission moves to crack the whip on multinationals making a mockery of local laws.
