Apple’s EU Bill Creeps Up as Analyst Sees $1.6 Billion Interest
- EU told Irish to claw back about $13.9 billion plus interest
- Ireland and Apple fighting EU decision on Irish tax arrears
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Apple Inc.’s bill for unpaid taxes in Ireland is creeping upwards, as authorities try to figure out exactly how much the world’s richest company owes.
European Union competition watchdogs ordered Ireland to claw back a record 13 billion euros ($13.9 billion) plus interest in unpaid taxes from the iPhone maker last August, covering the years 2003 to 2014. Apple and Ireland have appealed the EU’s Aug. 30 decision.