DUBLIN: The European Commission's estimate that Apple owes Ireland up to €13bil (RM61.89bil) in a disputed tax ruling is unlikely to be altered greatly by Dublin's calculations, the Irish finance minister said on Feb 2. The Commission ordered Apple to pay Ireland the unpaid taxes after ruling in August that the iPhone maker won sweetheart tax deals from Dublin amounting to illegal state aid. The Irish government and Apple have appealed the demand. Ireland requested an extension to complete the collection of the funds after a formal deadline for doing so elapsed last month. The EU's antitrust regulator said on Jan 31 that the Commission was satisfied with Ireland's progress to date.

Source: The Star February 03, 2017 06:01 UTC