Apple loses EU court battle over €13 billion Irish tax case
- Apple (NASDAQ:AAPL) has faced a significant legal setback as it lost its EU court battle over €13 billion ($14.4 billion), a long-standing dispute concerning its tax arrangements in Ireland.
- This marks a notable victory for the European Union (EU) in its ongoing campaign against preferential tax deals granted to major corporations by individual nations.
- The European Court of Justice overruled a lower court’s earlier decision in the case, saying it “confirms the European Commission’s 2016 decision: Ireland granted Apple (AAPL) unlawful aid, which Ireland is required to recover.”
- The case has spanned several years and centered around allegations that Ireland granted Apple (AAPL) unfair tax advantages, allowing the tech giant to pay substantially less tax than other businesses.
- In 2016, the Commission ordered Apple (AAPL) to repay the €13 billion, citing that the tax benefits were illegal under EU regulations.
- Apple (AAPL) and Ireland both contested the ruling, leading to a series of appeals and legal proceedings.
- Despite these efforts, the EU court’s recent dismissal solidifies the Commission’s stance and obligates Apple (AAPL) to comply with the repayment order.
- “We are disappointed with today’s decision, as previously the General Court reviewed the facts and categorically annulled this case,” Apple said in a statement.
- Separately, top EU Court rejects Google’s appeal against €2.42B fine in Shopping case.