Irish Finance Minister Noonan Disagrees with EU Tax Assessment on Apple (AAPL)

Apple (AAPL) Unfavorable Tax Ruling is 'Manageable' - RBC

RBC Capital analyst Amit Daryanani reiterated an Outperform rating and $117 price target on Apple (NASDAQ: AAPL) saying today's tax ruling is "manageable" and sees minimal impact on the company's EU operations.

Daryanani commented, "The European Commission's statement claims AAPL received illegal tax benefits of 13B or $14.5B during the... More

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Apple (AAPL): EU Tax Issue Is A Headline Grabber - Drexel Hamilton

Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Apple (NASDAQ: AAPL) after Bloomberg reported that Apple has been ordered by the European Commission to pay EUR13 billion (U.S.$14.5 billion) plus interest in taxes to Ireland for "selective tax treatment"... More

Apple's (AAPL) Cook: Every Co. in Ireland and EU Now at Risk of Taxes Under Laws that Never Existed

Apple (NASDAQ: AAPL) CEO Tim Cook issued the following statement in response to the EC ruling that the company received EUR13 in illegal Irish tax breaks:

A Message to the Apple Community in Europe

Thirty-six years ago, long before introducing iPhone, iPod or even the Mac, Steve Jobs established Apples first operations in Europe. At the time, the company... More

Apple (AAPL) criticizes EU ruling; says it will hurt European economy - Bloomberg

Apple (Nasdaq: AAPL) criticizes EU ruling; says it will hurt European economy, according to Bloomberg.

The company sads that the case may hurt its investment in Europe and expects the decision to be overturned.

Apple (AAPL) volatility low into EU concluded that Ireland granted undue tax benefits of up to EUR13B

Apple (NASDAQ: AAPL) is recently down $1.69 to $105.13 in the premarket on The European Commission concluded that Ireland granted undue tax benefits of up to EUR13B to Apple. September weekly call option implied volatility is at 19, September and October is at 20; compared... More

Apple (AAPL) Determined to Receive Up to EUR13 Billion in Undue Irish Tax Breaks - EC

The European Commission released the following on Tuesday:

The European Commission has concluded that Ireland granted undue tax benefits of up to 13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid.

Commissioner Margrethe Vestager, in charge of competition policy, said: "Member States cannot give tax benefits to selected companies this is illegal under EU state aid rules. The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it... More