Justice Ireland Eu Courts Apple Digital Fighting google Markets Justice Ireland Eu

Apple Must Pay $14 Billion-Plus in Back Taxes to Ireland, EU Court Rules

Reading now: 511
variety.com

Todd Spangler NY Digital Editor 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 European Commission’s 2016 decision finding that Ireland had granted Apple approximately €13 billion in illegal tax benefits related to the tax allocation of profits of the Irish branches of two of the tech giant’s subsidiaries.

Also Tuesday, the European Court of Justice upheld a €2.4 billion ($2.6 billion) antitrust fine against Google, originally levied in 2017 by the European Commission on Google “for having abused its dominant position in several national online search markets by favouring its own comparison shopping service over those of its competitors.” The ECJ’s rulings are final and cannot be appealed.

The Apple case dates back to August 2016, when the European Commission ruled that Ireland had extended illegal tax benefits to Apple for more than a decade.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA