Apple wins EU court battle over 13-bln-euro tax order
The General Court of the European Union (EU) on Wednesday rescinded an EU order which had required U.S. technology giant Apple to repay Ireland 13 billion euros (14.9 billion U.S. dollars) in tax arrears.
The decision effectively canceled an August 2016 European Commission decision. The EU court ruled that the Commission had wrongly declared that Apple Sales International (ASI) and Apple Operations Europe (AOE), which were companies incorporated in Ireland but not tax resident in Ireland, had been granted a selective economic advantage and, by extension, state aid.
The clear-cut decision by the EU General Court could now face another appeal at the top European Court of Justice.
In its initial reaction, the European Commission Executive Vice-President Margrethe Vestager said on Wednesday that
Brussels was studying the judgment and would reflect on the next steps.
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Source: Xinhua
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1 Comment
The solution to Apple’s massive European TAX EVASION is really very simple : BOYCOTT ALL APPLE PRODUCTS IN EUROPE.
When the U.S.-based company stops selling ANY of its goods here, there will be a very quick change in its haughty refusal to pay its ‘fair share’ of tax in Europe.
ENOUGH IS ENOUGH !