Apple holds Europe to ransom

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£11bn ($14.5bn) penalty issued is 40 times higher than previous EU record
Ireland will be asked to claw back billions but will refuse cash and appeal
Apple paid as little as 0.005% tax a year on its profits outside the US
In 2011 it made $22bn profits but just $55m was deemed taxable in Ireland
Tech giant will appeal and say EU figures are 'completely made-up'
Google and Amazon could be next with EU rulings due in the next year
US Treasury has warned EU not to pursue American companies over tax

Apple holds Europe to ransom | Ecency