Apple is seeking to overturn an EU order that it pay Ireland $14.4 billion in back taxes. More here:
Apple’s Chief Financial Officer Luca Maestri led a six-strong delegation to the court where a panel of five judges will hear arguments over two days.
“The branches’ activities did not involve creating, developing or managing those rights. Based on the facts of this case, the primary line defies reality and common sense,” Beard said. In its current financial quarter, Apple expects revenue of $61-64 billion and a gross margin of 37.5-38.5%. He said Ireland had failed to examine the functions performed by Apple’s Irish units, the risks assumed and the assets used by the subsidiaries.
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