Apple may owe $8bn in back taxes after European commission ruling

The commission's crackdown on multinational corporations extended to tech giant in investigation that revealed potentially illegal use of Ireland tax shelters

Apple may owe $8bn in back taxes from its use of potentially illegal tax shelters in Ireland.

The European commission's recent ruling against tax breaks for multinational corporations in Belgium strongly suggests that the tech behemoth could be subject to a hefty bill when the open investigation against its activities in Ireland concludes.