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:
- Ireland will use 'transformational' $14.4 billion Apple tax win for key infrastructure
Ireland's finance minister said Wednesday $14.4 billion in Apple tax payments will be used for key infrastructure investments to support economic development, including housing, transport, electric, ...
10/2/2024 - 2:11 am | View Link - Ireland reveals how it plans to spend ‘transformational' $14 billion Apple tax windfall
Ireland’s government on Tuesday outlined how it intends to deploy more than $14 billion in back taxes from Apple.
10/1/2024 - 7:02 pm | View Link - Apple Must Pay $14 Billion-Plus in Back Taxes to Ireland, EU Court Rules
Apple lost its fight to reverse a decision by the European Union that it owes €13 billion ($14.3 billion) in back taxes to Ireland. The EU’s top court, the European Court of Justice, confirmed the ...
09/10/2024 - 6:14 am | View Link - Apple Must Pay Rs 1.2 Lakh Crore In Back Taxes To Ireland, European Court Of Justice Rules
The European Court of Justice (ECJ) has ruled in favour of the European Commission, ordering Apple to pay billions of euros in back taxes to Ireland. This ruling overturns a previous decision from ...
09/9/2024 - 9:29 pm | View Link - More
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