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 . It was these Senate findings that likely gave the European Union the idea to open its investigations into the elaborate tax structures used by many multinationals that contribute to their extraordinary success, according to Daniel Shaviro, a professor of taxation at the New York University's law school. 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 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.