Apple loses EU court battle over €13bn tax bill in Ireland
Ruling is a fillip for European Commission efforts to clamp down on ‘sweetheart’ tax dealsBusiness live – latest updatesApple has lost a high-profile, €13bn (£11bn) Irish tax battle with Brussels in a decision that will bolster the European Commission’s efforts to clamp down on favourable “sweetheart” tax deals for multinationals.The European court of justice (ECJ) ruling, which had been eagerly awaited, comes after years of legal wrangling over whether the European Commission was right to demand in 2016 that €13bn in “illegal” tax breaks for Apple should be repaid because it gave the iPhone maker an unfair advantage. Continue reading...
Ruling is a fillip for European Commission efforts to clamp down on ‘sweetheart’ tax deals
Apple has lost a high-profile, €13bn (£11bn) Irish tax battle with Brussels in a decision that will bolster the European Commission’s efforts to clamp down on favourable “sweetheart” tax deals for multinationals.
The European court of justice (ECJ) ruling, which had been eagerly awaited, comes after years of legal wrangling over whether the European Commission was right to demand in 2016 that €13bn in “illegal” tax breaks for Apple should be repaid because it gave the iPhone maker an unfair advantage. Continue reading...
