Tech giant Apple moved offshore funds to the Channel Islands after a crackdown on tax laws in Ireland, according to reports.
The news outlet and the nonprofit investigative organization cited confidential records that were obtained by the German newspaper Suddeutsche Zeitung and shared.
Leaked documents have revealed how Apple went shopping around for a tax haven in 2014.
Ms Vestager ruled in summer 2016 that Ireland had granted Apple a sweetheart tax deal that was illegal under Europe's rules to limit state-aid, and ordered Dublin to collect €13 billion in back taxes.
As Apple came under pressure in the USA and Europe about what was called the "double Irish" scheme it enlisted offshore finance law firm, Appleby, to find a new place to stash cash out of reach of tax collectors, according to reporting. The company is the largest private employer in Cork and economists estimate Apple's operations in Ireland generate around $24 billion annually in salaries, taxes and investment.
The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show.
Apple is one of many USA technology companies that have benefited from stashing cash overseas.
Apple has now released a press release in response to the recent allegations, they have said that they have not paid any less tax as a result of the changes, you can see a statement from the company below.
But Apple has come under fire both in the United States and the European Union for its tax practices.
By the start of 2015, Apple had restructured its affairs in Ireland, including securing tax residency in Jersey for Apple Sales International and Apple Operations International, two of the three Irish shadow companies highlighted in the US Senate investigation a year earlier. "The changes we made did not reduce our tax payments in any country", he said.
The loophole had allowed countries to incorporate in Ireland but declare profits in other low-tax or tax-free jurisdictions, meaning they could in theory pay no corporation tax at all.
World champion Lewis Hamilton has found himself at the centre of an global tax avoidance scandal.
"The vast majority of the value in our products is indisputably created in the United States - where we do our design, development, engineering work, and much more - so the majority of our taxes are owed to the U.S.".
A new report from the International Consortium of Investigative Journalists and its media partners says Apple sought out a new location to store its overseas cash to avoid paying higher taxes.
It alleges that Apple lawyers sent a questionnaire to the offshore finance firm Appleby, seeking to discover what tax havens like the British Virgin Islands, Bermuda, the Cayman Islands, Mauritius, the Isle of Man, Jersey and Guernsey could do for Apple.