Apple survives the EU $14.9 billion FINE
Quote from Ndubuisi Ekekwe on July 15, 2020, 2:36 PMApple survives the EU $14.9 billion FINE. That is a lot of victory indeed.
A European Union court has sided with Apple, awarding the tech giant a major victory in a battle over unpaid taxes. The case dates back to a decision in 2016 when the European Commission ruled that Ireland had given Apple an unfair tax advantage and therefore owed $14.9 billion. It was annulled by Europe’s General Court Wednesday, after the court said the EC did not prove that there was an advantage given. The European Commission has been pursuing several American tech giants over what they say are unfair tax breaks and can still challenge the ruling at the bloc’s top court.
Apple survives the EU $14.9 billion FINE. That is a lot of victory indeed.
A European Union court has sided with Apple, awarding the tech giant a major victory in a battle over unpaid taxes. The case dates back to a decision in 2016 when the European Commission ruled that Ireland had given Apple an unfair tax advantage and therefore owed $14.9 billion. It was annulled by Europe’s General Court Wednesday, after the court said the EC did not prove that there was an advantage given. The European Commission has been pursuing several American tech giants over what they say are unfair tax breaks and can still challenge the ruling at the bloc’s top court.