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Apple upset about EU Tax Bill

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Apple upset about EU Tax Bill
 

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Apple upset about EU Tax BillVersión en línea

Listen to the following article by Dan Friedell and fill in the missing words.

por Simone De Pass
1

Obama $400 Competition back administration 2014 allegation commissioner Finance million Fiat Commission investigation spokesman largest taxes

After a two - year , the European Union ( EU ) says the American company Apple must pay over $14 billion in back taxes to Ireland .

The EU ? s competition said the company did not pay enough in taxes between 2003 and . She questioned how anyone might think that Apple ? s 2014 Irish tax rate of five thousandths of one percent was fair .

The European Commission is responsible for making official decisions for the European Union . The Commission follows rules designed to make sure businesses in Europe compete fairly .

In late August , the Commission announced that it would attempt to recover the from Apple . It said the company reported earnings for all of the computers , computer tablets and mobile phones it sold in Europe through its office in Ireland . Because of a tax deal with the Irish government , Apple never had to pay much tax on its earnings .

The is not only investigating Apple . It is looking at deals between European countries and major international businesses including Starbucks , , Amazon and McDonald ? s .

Apple Chief Executive Officer Tim Cook denies the EU allegations . He said Apple paid in taxes in 2014 , and his company paid more in taxes than any other business in Ireland .

The tax bill is not only causing concerns in Ireland and Europe . Government officials in the United States are also worried .

Josh Earnest is the for President Barack Obama . He said Americans could be hurt by the EU ? s ruling if Apple is required to make the payment . He said the company then could legally reduce the billions of dollars it pays Ireland from the U . S . taxes it owes .

Earnest said the is concerned EU officials decided to rule against Apple without first talking to the U . S . government .

The U . S Treasury Department called the EU ? s decision unfair . It claimed the EU was targeting American companies for punishment recently . The commission denied that .

On September 1 , Tim Cook told an Irish newspaper that Apple would work with Irish officials to overturn Europe ? s decision . He also said the tax ruling was politically motivated .

The European Commission said Ireland offered Apple the low tax rates in order to save thousands of Apple jobs within the country . It called the deal , " illegal . "

Ireland ? s Minister of , Michael Noonan , said his country will appeal the commission ? s ruling . But if the tax is paid , it would be the ever in Europe .

I ? m Dan Friedell .

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