Apple 's tax bill in Ireland could be more than $20bn if it is unable to overturn a European Commission ruling, an economist has said. As we noted 13bn , the European Commission ruled that Ireland must recover up to € 13bn , plus significant interest, in "illegal tax benefits" from the company. Apple 's effective tax rate in the country was 10% in 2014 . Economist Seamus Coffey told Apple that the final payment, taking interest penalties into account, could amount to 0.005% of Ireland 's national income. Apple and the Irish government say they will appeal the decision.
Apple's tax bill in Ireland could be more than $20bn if it is unable to overturn a European Commission ruling, an economist has said. As we noted yesterday, the European Commission ruled that Ireland must recover up to €13bn, plus significant interest, in "illegal tax benefits" from the company. Apple's effective tax rate in the country was 0.005% in 2014. Economist Seamus Coffey told CNBC that the final payment, taking interest penalties into account, could amount to 10% of Ireland's national income. Apple and the Irish government say they will appeal the decision.