Apple must pay Ireland more than $14 billion in back taxes, court rules

[Pelican Press 0]

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Apple must pay Ireland more than $14 billion in back taxes, court rules

The ********* Union’s top court on Tuesday rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros, or the equivalent of more than $14 billion, in back taxes to Ireland, bringing an end to the long-running dispute.

The ********* Court of Justice overruled a lower court’s earlier decision in the case, saying it “confirms the ********* Commission’s 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover.”

The case drew outrage from Apple when it was opened in 2016, with CEO Tim Cook calling it “total political *****.” Then-U.S. President Donald Trump slammed ********* Commissioner Margrethe Vestager, who spearheaded the campaign to root out special tax deals and ****** down on big U.S. tech companies, as the “tax lady” who “really hates the U.S.”

The ********* Commission, the bloc’s executive branch, had accused Apple of striking an ******** tax deal with Irish authorities so that it could pay extremely low rates. The ********* Union’s General Court disagreed with that in its 2020 ruling, which has now been overturned.

“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.

“There has never been a special deal,” the company said.

Eight years ago, the ruling that found Ireland had granted a sweetheart deal that let Apple pay almost no taxes across the ********* bloc for 11 years dramatically escalated the ****** over whether America’s biggest corporations are paying their fair share around the world.

The EU head office said that Ireland granted such lavish tax breaks to Apple that the company’s effective corporate tax rate on its ********* profits dropped from 1 percent in 2003 to a mere 0.005 percent in 2014. Apple has disputed such figures.

The ruling that has now been upheld was one of a number of aggressive moves by ********* officials to hold U.S. businesses, particularly big tech companies, accountable under the EU’s rules on taxation, competition and privacy.

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