Apple will launch a legal challenge on Tuesday to a European Commission order to...
) will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros in Irish back taxes in a landmark case in the EU’s crackdown on tax avoidance by multinational companies.
The iPhone maker is expected to send a six-man delegation headed by Chief Financial Officer Luca Maestri to the two-day court hearing at the Luxembourg-based General Court, the EU’s second highest court. European Competition Commissioner Margrethe Vestager pointed to a 0.005% tax rate paid by Apple’s main Irish unit in 2014 as an example of the unusually low payments by the company.
It will tell the court that the bulk of its taxes are owed to the United States because the majority of the value in its products including design, engineering and development, is created there.
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