Explainer-Why does Apple have to pay Ireland $14.4 billion?

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Citi Reiterates Buy Rating on Apple (AAPL) Following Ireland Tax Ruling

September 10, 2024 11:44 AM UTC

Citi analyst Atif Malik reiterated a Buy rating and $255.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "On Sep 10, 2024, Europes top court ruled against Apple to pay 13Bn ($14.4Bn) in back taxes to Ireland, marking the end of the 10-year... More

Evercore ISI on Apple (AAPL) Order to pay back taxes in Ireland: 'the final impact while not ideal, does not impact our fundamental valuation'

September 10, 2024 10:31 AM UTC

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "ALL YOU NEED TO KNOW: Apple has been ordered by the European Court of Justice to pay ~$14B in back taxes related to a case over whether Ireland provided state aid to Apple via tax rulings in 1991 and 2007. Apple has filed an 8-K... More