Actionable news
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

Apple's Tim Cook Lambasts EC Tax Ruling

Apple (AAPL) chief executive Tim Cook has hit back angrily at the European Commission's Tuesday tax ruling in an interview with the Irish Independent.

"It's total political crap," he told the newspaper. as he rejected the EC's assertion that Apple paid 0.005% tax in Ireland in 2014.

On Tuesday, the EC ruled that Apple would have to pay €13 billion ($14.5 billion) in back taxes to Ireland. The EC said that "undue benefits" granted to Apple amounted to illegal state subsidies, and will need to be recovered.

Cook said, "They just picked a number from I don't know...