EU orders Apple to pay up to $14.5B in back taxes; Apple to appeal the ruling

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According to the European Union, US tech giant Apple must repay a record €13 billion ($14.5 billion) (Dh53.2 billion) in back taxes after ruling that a series of Irish sweetheart tax deals were illegal. “The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules because it allowed Apple to pay substantially less tax than other businesses.