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Apple discloses Europe profits and taxes

Apple discloses Europe profits and taxes

Apple has announced for the first time the details of its profits and taxes paid in European Union countries. The company recorded a one-time tax payment of $17.1 billion in Ireland, following the release of frozen funds after losing a legal battle with the European Commission. Data also showed that its revenue in Germany reached $2.72 billion, with a pre-tax profit of $209 million and corporate income taxes totaling $153.5 million. These disclosures are part of European transparency regulations, which require companies with revenues exceeding €750 million to publicly report their tax data.

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