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EU’s ruling on Apple will be ‘devastating’ for European economy, says CFO

Top executives from Apple have voiced their violent disapproval of Tuesday’s decision by the European Union to order Ireland to recover up to 13 billion euros ($14.5 billion) in back taxes from the tech giant.

“Apple is the largest taxpayer in Ireland, Apple is the largest taxpayer in the U.S., Apple is the largest taxpayer in the world,” Luca Maestri, the chief financial officer at Apple, said in a conference call following the decision.