EU Commission to appeal Apple ruling in Ireland over $14.9 billion tax case

Illustration by Alex Castro / The Verge

The European Commission is appealing a July court judgment in the ongoing saga of Apple’s taxes in Ireland. Buckle in, this one gets a bit complicated. And it’s likely to drag on for some time.

In July, the General Court of the EU annulled a 2016 ruling by the European Commission. In that ruling, the commission had determined that Ireland gave Apple a “sweetheart deal” that let the iPhone maker pay significantly lower taxes than other businesses. “Member States cannot give tax benefits to selected companies — this is illegal under EU state aid rules,” EU antitrust chief Margrethe Vestager said in 2016.

The commission ordered Apple to pay €13 billion ($14.9 billion) in back taxes to the Irish government. Ireland and Apple both disputed…

Continue reading…

via The Verge – All Posts

Check out the Finding Your Identity Podcast!

Tags: ,
Travel Back Up To The Top!