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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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