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Monday 19 December 2016

Apple to appeal EU's $14B fine, calls itself 'convenient target'

The company's general counsel told Reuters that the European Union targeted Apple because it "generates a lot of headlines."


When the European Union slapped Apple with a $14.5 billion tax fee back in August, CEO Tim Cook called it "political crap."
This week, the tech behemoth is fighting back in the form of an official appeal, Reuters reports.
"Apple is not an outlier in any sense that matters to the law," the company's General Counsel Bruce Sewell told the publication. "Apple is a convenient target because it generates lots of headlines."
The EU's European Commission watchdog has issue with a deal Apple has with Ireland that sees the company locate much of its earnings there in return for creating jobs. This results in the iPhone maker paying a far lower tax rate than the 35 percent it would pay in the US.
"Member States cannot give tax benefits to selected companies -- this is illegal under EU state aid rules," said the Commission's competition policy specialist Margrethe Vestager in an official statement back in August.
Apple was contacted for comment but did not respond immediately.

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