A three-year investigation by the European Competition Commission, has ruled that Apple should pay up to €13bn in back taxes. The Commision said Ireland had enabled Apple to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than one per cent.
Large multinationals like Apple and Facebook have also been criticised here for paying virtually no tax despite making billions in New Zealand.
Adrian Sawyer is a professor of taxation and research director at the College of Business and Law, University of Canterbury - he discusses the latest moves to crack down on tax loopholes.
