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Apple has already threatened to cut jobs in Europe after Brussels ordered it to repay £11billion ($14.5billion) – the biggest tax bill ever imposed outside the US.The European Commission’s three-year investigation into Apple’s sweetheart deal with Ireland has found it amounted to illegal state aid.Its damning report published today says the tech giant paid as little as 0.005 per cent tax by funnelling its non-US profits through its Irish headquarters with no staff or premises then on to its $178billion (£120bn) offshore fund.The giant tax bill, which could reach £16billion ($21 billion) because of interest, will not be difficult for the company to pay because it made $53.4billion (£35billion) last year – the biggest profit in corporate history.

Source: Apple faces bill of billions over its Irish tax affairs after EU ruling | Daily Mail Online