Ruling is a fillip for the European Commission in its efforts to clamp down on ‘sweetheart’ tax dealsBusiness live – latest updates
Apple has lost a high profile €13bn (£11bn) Irish tax battle with Brussels in a decision which is a boost to the European Commission’s efforts to clamp down on favourable “sweetheart” tax deals for multinationals.The European court of justice ruling, which had been eagerly awaited, comes after years of legal wrangling over whether the European Commission was right to demand in 2016 that €13bn in “illegal” tax breaks for Apple should be repaid because it gave the iPhone maker an unfair advantage. Continue reading…
Source link : https://www.theguardian.com/technology/article/2024/sep/10/apple-loses-eu-court-battle-tax-bill-ireland
Author : Jane Croft
Publish date : 2024-09-10 11:16:52
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