Xiao Huang:DOORM, do you know that the EU’s highest court recently ruled that Apple must pay 13 billion euros in back taxes to the Irish government? What is the background of this issue?
DOORM:that’s correct. Last week, the EU’s highest court ruled that Apple must pay 13 billion euros in back taxes to the Irish government, which is about one-seventh of Apple’s annual profit. This ruling has garnered global attention. The EU’s decision mainly targets the long-standing tax agreements between Apple and the Irish government. As early as 2016, the European Commission accused Apple of using Ireland’s low tax rate policies to avoid substantial tax payments.
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