Europe's highest court rules Apple to pay €13 billion in back taxes to Ireland

From Investing.com: 2024-09-10 11:43:12

Europe’s highest court ends a legal battle by ordering Apple to pay €13 billion in back taxes to Ireland, raising its effective tax rate. The charge, around $10 billion, could impact earnings per share by 10% in 2024. Apple had already placed funds in escrow. Analysts don’t see it affecting their valuation of the company. Apple shares dropped 0.5% in New York.



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