EU Apple ruling rejected

Stefan Mileschin · 16th July 2020, 08:46

Expect it to appeal

*update* The European Commission has had its decision to bash Apple with a hefty tax bill has been overturned. It's unclear yet whether it will appeal the decision Apple’s clash with EU competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay 13 billion euro ($15 billion) in Irish back taxes, a key part of the EU’s crackdown against sweetheart tax deals.

In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades - to as low as 0.005 percent in 2014.

Defeat for European Competition Commissioner Margrethe Vestager could weaken or delay pending cases against Ikea’s and Nike’s deals with the Netherlands, as well as Huhtamaki’s agreement with Luxembourg.

https://fudzilla.com/news/51183-appl...u-ruling-today

16th July 2020, 08:46	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	EU Apple ruling rejected Expect it to appeal update The European Commission has had its decision to bash Apple with a hefty tax bill has been overturned. It's unclear yet whether it will appeal the decision Apple’s clash with EU competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay 13 billion euro ($15 billion) in Irish back taxes, a key part of the EU’s crackdown against sweetheart tax deals. In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades - to as low as 0.005 percent in 2014. Defeat for European Competition Commissioner Margrethe Vestager could weaken or delay pending cases against Ikea’s and Nike’s deals with the Netherlands, as well as Huhtamaki’s agreement with Luxembourg. https://fudzilla.com/news/51183-appl...u-ruling-today

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