Marketplace®

Daily business news and economic stories

EU orders Apple to pay billions of dollars in back taxes

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 […]

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

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.

Click the above audio player to hear the full interview. 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    7 hours ago
    25:19
  • Make Me Smart
    13 hours ago
    19:00
  • Marketplace Morning Report
    15 hours ago
    6:55
  • Marketplace Tech
    20 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45