Tim Cook questions EU’s motive behind Apple’s tax payment issue in an open letter

By: | Updated: August 30, 2016 9:49 PM

European Union wrapped its investigation into Apple's tax payment issue in Ireland today not before adding that the phone maker Company however must pay 13 billion euros. The move has not been taken very casually by Apple CEO Tim Cook. Cook posted an open letter on Apple.com putting his words out publicly.

Taking aim at the European Union, Cook said that since most of the R&D for Apple takes place in the US, the Commission wants to change rules in their own favour. (Reuters)Taking aim at the European Union, Cook said that since most of the R&D for Apple takes place in the US, the Commission wants to change rules in their own favour. (Reuters)

European Union wrapped its investigation into Apple’s tax payment issue in Ireland today not before adding that the phone maker Company however must pay 13 billion euros. The move has not been taken very casually by Apple CEO Tim Cook. Cook posted an open letter on Apple.com putting his words out publicly. He lambasted the judgement and addressed the consequences it will have on the Euopean business.

Taking aim at the European Union, Cook said that since most of the R&D for Apple takes place in the US, the Commission wants to change rules in their own favour.

Cook said that as a company Apple has always been in support of international tax reforms but only through the course of proper legislative procedure.

READ THE FULL LETTER HERE: 

In his letter, Tim also shred light on the employment and brand value attached with Apple. He said that it’s beacuse of Apple that the economy of Cork, Ireland has shot up. It was only after their venture that many other multi national companies followed.

Putting rest to all questions regarding the future of the company in Ireland, Cook said, ‘We are committed to Ireland and we plan to continue investing there, growing and serving our customers with the same level of passion and commitment. We firmly believe that the facts and the established legal principles upon which the EU was founded will ultimately prevail.’

Apple has however challenged the judgement and the final verdict will decide the course of action further.

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