EU to launch formal investigation into Apple's Irish tax deal

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The European Commission will launch a formal investigation on Wednesday into Apple Inc's tax arrangements in Ireland, Irish state broadcaster RTE reported, without naming its source.

A U.S. Senate committee investigation revealed last year that Apple had cut billions from its tax bill by declaring companies registered in the Irish city of Cork as not tax resident in any country.
The EU's competition authority said last year that it was looking into corporate tax arrangements in several member states and had requested information from Ireland./Reuters/
EU to launch formal investigation into Apple's Irish tax deal EU to launch formal investigation into Apple's Irish tax deal Tuesday, June 10, 2014 Rating: 5
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