Apple has won its appeal against an EU order to pay 13 billion euros ($15 billion) in back taxes to Ireland, per a ruling on Wednesday by Europe's second-highest court. The EU ordered Apple to cough up the tax in 2016 after ruling that the firm had benefited from illegal state aid from Ireland, a low-tax regime. According to the EU, Apple has benefited from reduced taxes in Ireland for two decades, allegedly paying as little as 0.005% corporate tax in 2014. Apple and Ireland launched the appeal in September 2019. Visit Business Insider's homepage for more stories. Apple has won an appeal against paying $15 billion in back taxes to Ireland. On Wednesday the EU Court of Justice annulled a European Commission order that forced Apple to pay 13 billion euros ($15 billion) in back taxes.See the rest of the story at Business InsiderNOW WATCH: We tested a machine that brews beer at the push of a buttonSee Also:All of Apple's upcoming MacBooks running on its new chip may have just leakedYou can use text-to-speech in the Kindle app on an iPad using an accessibility feature — here's how to turn it onHow to reset your Apple ID password in 3 different ways if you've forgotten it or lost your device
Apple Has Won Its Appeal Against Paying $15 Billion In Back Taxes To Ireland
feedback@businessinsider.com (Isobel Asher Hamilton), Business Insider
Wed, 07/15/2020 - 2:13am
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