CUPERTINO (CBS / AP) — Apple is appealing a European Union order to collect a record 13 billion euros ($14 billion) in taxes, following a similar appeal by Ireland.
The move comes about four months after EU competition authorities said Apple owed back taxes based on the way it reports European-wide profits through Ireland.READ MORE: UPDATE: Atmospheric River: I-880 Shutdown, Flooded Roadways, Damaged Homes, Massive Rockslides In Storm's Wake
Ireland charges the Cupertino-based company only for sales in its own territory. EU Competition Commissioner Margrethe Vestager says the arrangement let Apple report its Europe-wide profits at effective tax rates well under 1 percent.READ MORE: Atmospheric River: High Winds Topple Trees, Scaffolding in San Francisco
In a statement, Apple says the EU took “unilateral action and retroactively changed the rules, disregarding decades of Irish tax law, U.S. tax law as well as global consensus on tax policy.”
Apple says it has a worldwide income tax rate of around 26 percent.MORE NEWS: Atmospheric River: Parts of San Mateo County Pummeled with Heavy Rain, Flooding
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