Why the EU Is Claiming $15.3 Billion in Unpaid Taxes from Apple
The European Union (EZU) has ordered US (SPY) giant Apple (AAPL) to pay ~$15.3 billion in unpaid taxes after the European Commission (or EC) ruled in 2016 that Apple’s tax deal with Ireland was contrary to EU law. Apple formed a subsidiary, Apple Sales International (or ASI), in Ireland in 1991.