Apple announcement that it will pay $38 billion in US tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU’s executive said on Thursday.
“Nothing has changed,” a spokesman for the European Commission said, with regards to its 2016 ruling that Apple received illegal state aid in Ireland through sweetheart tax deals with the government.
At the time of the ruling, the Commission said the amount Apple would have to pay to Ireland could be reduced if other countries found the company should have recorded its sales there