The Commission can only order recovery of illegal state aid for a ten-year period preceding the Commission’s first request for information in this matter, which dates back to 2013. Ireland must therefore recover from Apple the unpaid tax for the period since 2003, which amounts to up to €13 billion, plus interest. When Apple and …
Tag: taxes
Investors are taking a second look at China’s high-value startups such as smartphone maker Xiaomi, which is now facing growing pressure to live up to high expectations. Xiaomi missed its 2015 sales target: they estimated 80 million smartphones shipped, but they weren’t capable of growing that fast and that much. They haven’t surprised us as …