man looks at his phone as he walks past an authorized Apple reseller store in Galway kd 9 texas for sale , Ireland, on August 30. Photo: CFP
An EU ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rules and was not a decision aimed against the US, European Commission (EC) President Jean-Claude Juncker said on Sunday.
Last week, EU antitrust regulators -ordered Apple to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish -government after ruling that a practice of routing profits through Ireland was illegal state aid.
Apple's Chief Executive Tim Cook last week described the ruling as "total political crap," but France and Germany have come out to back Brussels on the decision.
Juncker said EC investigations on taxation had mainly targeted European companies.
The decision comes amid a coordinated global initiative to crack down on tax evasion by multinational companies kd 9 elite ivory for sale , -spearheaded by the Paris-based Organization for Economic Cooperation and -Development (OECD).
The ruling against the US tech company has pushed the issue into the limelight and raised the risk of significant pushback from the US, analysts said, where some lawmakers are saying the result represents a European -encroachment on the US potential tax base.
In separate comments to Reuters on the sidelines of the G20 summit on Saturday, Pascal Saint-Amans, director of the OECD Center for Tax Policy and Administration kd 8 young tigers for sale , called Apple's tax planning "outrageous" but, like Juncker, said the decision was based on enforcing regulations.
Saint-Amans said he believed it would be unlikely to serve as a precedent for enforcement on future income earned by multinationals.
Juncker's remarks appeared designed to reassure US lawmakers, who have argued for years over
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