European Commision to probe Apple's tax arrangements in Ireland
Published 10/06/2014 | 17:54
The European Commission will launch a formal investigation tomorrow into Apple Inc's tax arrangements in Ireland.
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 probe will examine whether the Revenue Commissioners have been too lax when it comes to taxing some transactions known as transfer pricing.
The commission is not questioning this country's 12.5pc corporation tax rate but EU officials are worried that some complex taxes have been wrongly applied.