Apple CEO Tim Cook says the tech giant never received any "sweetheart deal" from Ireland. "It's total political crap," Cook told the Irish Independent newspaper, of European Competition Commissioner Margrethe Vestager's assertion that the company had paid a tax rate of 0.005 percent on its European profits in 2014. The commission ruled that Apple had received favourable tax terms that amounted to state aid -- illegal under its rules. Apple will appeal and Cook believes Ireland will do the same in the interests of protecting future inward investment. "It's like playing a sports game and winning the championship and then finding out the goals are worth less than you thought they were," he told RTE.

Source: Bangkok Post September 01, 2016 12:45 UTC