EU's Court of Justice rules against Apple in EUR 13B Ireland tax case - InvestingChannel

EU’s Court of Justice rules against Apple in EUR 13B Ireland tax case

The European Union’s Court of Justice set aside the judgment of the General Court concerning tax rulings issued by Ireland in favor of Apple. In 2016, the European Commission decided that companies belonging to Apple had, from 1991 to 2014, received tax advantages that constituted State aid granted by Ireland. That aid related to the tax treatment of profits generated by Apple’s activities outside the United States. In 2020, the General Court annulled the Commission’s decision, holding that the Commission had not sufficiently established that those companies enjoyed a selective advantage. On appeal, the Court of Justice “sets aside the judgment of the General Court and gives final judgment in the matter, conversely confirming the Commission’s decision.” The Commission therefore ordered Ireland to recover the aid. According to Commission estimates, Ireland had given illegal tax benefits worth EUR 13B to Apple.

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