Apple warns it may have to pay Irish back-tax

Apple warns it may have to pay Irish back-tax: "Apple has warned shareholders it may have to pay a material amount of back-tax to Ireland if the European Commission’s inquiry into its arrangements in the Republic finds they constituted state aid.
The company has further warned shareholders that a ruling against Ireland could mean the company would have to pay more tax on its profits in future years.
It is normal for public companies in the US to warn shareholders of so-called “risk factors” that could have a material effect on their results.
No figures for the possible size of any such repercussions are given. However the latest annual return for Apple, filed recently with the Securities and Exchange Commission in Washington, DC, makes clear the enormous role played by Ireland in the multinational’s global structures."



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