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EU orders Apple to pay billions of dollars in back taxes

People walk past a computer shop selling Apple products in Cork city centre, southern Ireland. PAUL FAITH/AFP/Getty Images

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Apple got a massive bill for back taxes on Tuesday. The European Commission ordered the tech giant to pay back over $14 billion to Ireland, where Apple has its European headquarters.

Apple, and the U.S. government, reacted angrily to the demand. The U.S. Department of Treasury has already accused EU officials of unfairly targeting large American corporations. Apple says the tax bill will undermine its investment and job creation in Europe.

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