Apple designs and sells consumer electronics, computer software, and personal computers and also operates retail stores. Its best-known hardware products are the Macintosh line of computers, the iPod, the iPad and the iPhone – Apple is the world’s third largest mobile phone-maker after Samsung and Nokia. 

Apple’s Irish arrangement helped it achieve an effective tax rate of just 3.7 per cent on its non-US income last year. Photo: AP

EU to probe Apple’s Irish tax shelters

The European Commission will launch a formal investigation on Wednesday into Apple’s tax arrangements in Ireland, Irish state broadcaster RTE reported, without naming its source.

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