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Apple must pay back €13bn!

30 August 2016

Apple must repay Ireland €13bn over its illegal tax deal, rules the European Commission.

It had been widely reported that the ‘Double Irish’ bill would be just €1bn. In a worse case scenario analysts had suggested that the sum could reach €17.4bn.

Apple should have no trouble paying the fine as it has €180bn of cash reserves sitting off-shore.

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