Apple (AAPL) found itself in some hot water, after the European Union said the iPhone maker owed Ireland 13 billion euros ($14.5 billion) in back taxes, according to a Tuesday ruling. Apple and Ireland will appeal the ruling, in a process that could take years. Jasper Lawler, a market analyst with CMC Markets, based in London, said Apple has had a presence in Ireland for years, even before the introduction of its legendary iPhone. 'Some of the other big tech companies have followed suit - Amazon (AMZN) , Google (GOOGL) , Microsoft (MSFT) and Facebook (FB) have thousands of employees in Ireland,' he said. 'From Ireland's perspective, that's been good for their economy.' TheStreet's Scott Gamm reports from Wall Street.
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