EU orders Apple to pay up to €13 billion in Irish taxes

The European Commission has ordered Apple to pay the Irish state up to €13 billion in taxes, after an investigation into Apple’s ‘sweetheart tax’ granted by Ireland. According to EU competition officials, the Apple-Ireland agreement has resulted in unlawful state aid. The response to the move has been divided and its economic and political consequences are yet unclear. Also unclear is the impact on jobs and job creation in Europe. Apple and Ireland have both announced that they will appeal against the decision.