FIRST AIRED: December 19, 2016

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COMING UP:Share Opener Variant 2

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00:00:00
>> First to appeal against the Apple tax demand was the Irish government, arguing that the EU has no right to interfere with national sovereignty. Next up was the tech giant itself, its challenge based on claims EU regulators ignored tax experts and corporate law. Ireland is home to Apple's European headquarters, and the country's tax treatment has allowed it to avoid significant payments.
00:00:23
Filings show over the past 10 years, it's paid tax at a rate of 3.8 percent, on $200 billion of oversees profits. That's a fraction of the rate in countries where Apple's products are designed, made, and sold. The commission says that amounts to illegal state aid. And has ordered it to pay $30.8 billion to Ireland.
00:00:43
The appeal will be heard in Europe's second highest court. And Apple also argues it's been singled out because of its success. They have the support of some US lawmakers, and they're hoping a new President Trump may help by bringing in tax reforms.