Welcome

The EU-Apple Battle Over a $14.9 Billion Tax Bill: Explained (3)

July 15, 2020, 5:01 AM; Updated: July 15, 2020, 11:15 AM

Apple Inc. won a court fight with the European Commission over whether it must pay Ireland 13 billion euros (14.9 billion) in unpaid taxes.

The decision from Europe’s second-highest court comes after the Commission ruled in 2016 that the tech giant had benefited from illegal state aid in the form of tax rulings from the Irish government.

The Commission could still appeal the decision. In an emailed statement, Apple said it welcomed the ruling.

Tax rulings let tax authorities sign off on a company’s tax arrangements to provide certainty to both the government and the company. But the European Commission ...

To read the full article log in. To learn more about a subscription click here.