Apple Inc. lost its court fight over a €13 billion ($14.4 billion) Irish tax bill, in a boost to the European Union’s crackdown on special deals doled out by nations to big companies. The E.U.’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving the iPhone maker an unfair advantage. [time-brightcove not-tgx=”true”] The court ruled on Tuesday that a lower court win for Apple should be overturned, because judges incorrectly decided that the commission’s regulators had made mistakes in their assessment. The ruling is a boost for E.U.
E.u. Court Rules Against Apple In Case Over $14.4 Billion In Taxes Ireland Never Collected
Samuel Stolton and Jennifer Duggan / Bloomberg, Time: Business
Tue, 09/10/2024 - 2:30am
Topics: apple inc union&rsquo justice luxembourg margrethe vestager brussels atlantic cupertino california-based mac ldquo;we york chief executive officer tim cook u.s treasury president donald trump united states&rdquo the apple vestager&rsquo amazon stellantis nv&rsquo fiat e.u judges general court dane cork oecd in apple irish european e.u.&rsquo ireland vestager the at apple&rsquo e.u u.s rules case billion tax tech country illegal companies decision aid set antitrust benefits claimed headquarters arrangements backed euro;13 deals tuesday unfair global big company boost years previously assessment argued
BING NEWS:
- Top EU court rules Apple owes Ireland over $14B in back taxes
The court concluded Ireland illegally cut the tech company a preferential tax deal, after Paradise Papers revealed major tax advantages.
09/13/2024 - 4:57 am | View Link - Apple Must Pay Back €13 Billion in Unpaid Taxes to Ireland, E.U. Court Rules
Apple has been ordered to pay back €13 billion ($14.4 billion) worth of tax to Ireland by the European Court of Justice.
09/11/2024 - 12:05 pm | View Link - Apple must refund Ireland $14 billion in unpaid taxes, Europe's top court rules
What just happened? The European Court of Justice has finally resolved one of the longest legal battles between the European Union and an American tech company. Apple has been ordered to repay a ...
09/11/2024 - 6:24 am | View Link - Apple must pay 13 billion euros in back taxes to Ireland, EU's top court rules
Both Apple and Google lost key court hearings in the European Union. Apple's court case related to 13 billion euros ($14.4 billion) in back taxes owed to Ireland while Google was trying to get a 2.4 ...
09/10/2024 - 7:26 pm | View Link - E.U. Top Court Rules That Apple Must Pay Billions In Back Taxes
The European Union's top court has issued a final ruling in an ongoing legal battle over tax benefits, finding that Apple must pay billions in back taxes.
09/10/2024 - 3:39 pm | View Link - More
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