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Apple’s Cook Confident of Tax Fight Victory as Irish Dither

  • CEO Tim Cook says EU’s focus on past taxes not a fair approach
  • Irish government to resume appeal consideration on Friday
Bloomberg business news

Apple's EU Tax Bill Met by Split Opinion in Ireland

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Apple Inc. Chief Executive Officer Tim Cook said he’s confident the iPhone maker will win a court fight against this week’s European Union decision forcing it pay Ireland vast tax arrears, as Prime Minister Enda Kenny struggled to unite his government behind an appeal.

The European Commission ruled that Apple must pay as much as 13 billion euros ($14.5 billion) plus interest after Ireland illegally slashed the company’s tax bill, in a record crackdown on fiscal loopholes. The final amount payable could be as much as $19 billion, Irish officials said.