Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker’s appeal against a $14 billion tax order, in a dispute that is key to the EU’s drive to collect more taxes but which could also run for years. The case centres on tax rulings granted by Ireland to two Apple businesses in the country, Apple Sales International and Apple Operations Europe. The rulings reduced Apple’s tax burden for more than two decades – to as low as 0.005% in 2014, according to the Commission, although Apple disputes this.

source https://finance.yahoo.com/news/1-apple-spars-eu-14-142615133.html?.tsrc=rss