Tag Archives: taxes

Apple Owes $14 Billion


Apple was hit with a record breaking $14 Billion tax bill by The European Union just before they are set to release the iPhone 7 in the U.S. this September.

Let me get this right….. Ireland granted Apple illegal state aide for years claiming they were not a tax-resident in the country… Oh, and Apple has claimed that they park money offshore because of U.S. tax codes..

That’s interesting.

Meanwhile, the average person and small business owner has to file taxes and can’t skip a thing or we will face penalties – pretty much pay or else! #justsaying

Hmmm…. I wonder if Apple will actually end up paying. My thought is probably not. Apple attorney’s will most likely keep things tied up in court so long it will be years maybe decades before they begin to pay a cent.

Read this story in depth click Fortune.com