Showing posts with label Apple Will Barely Feel $14.5B hit. Here's Why. Show all posts
Showing posts with label Apple Will Barely Feel $14.5B hit. Here's Why. Show all posts

Thursday, September 1, 2016


By USA Today, Aug 31, 2016 

Apple's (AAPL) tax policy caught up with it Tuesday after the European Union demanded $14.5 billion to be repaid after a decade of lucrative tax breaks in Ireland. A blow that big could sink many companies, but it's a drop in the bucket for Apple.

A tax repayment of $14.5 billion would wipe out the entire year's profits of 487 companies in the Standard & Poor's 500, individually. Apple isn't most companies, though, it can easily afford to pay back the money.


Read More: http://www.usatoday.com

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