Apple wins $14.9 billion tax bill lawsuit in European Court

Apple won a $14.9 billion tax bill in the European Court of Justice,media reported. Apple said it was pleased with the DECISION of the European Court of Justice in the Irish tax case. Ireland’s finance ministry said it was “welcome” by the EU’s general court’s decision. In addition, Ireland has always made it clear that it does not offer special treatment to Apple.

Apple wins $14.9 billion tax bill lawsuit in European Court

Back in August 2016, the European Commission ruled that Apple had illegally evaded 13.1 billion euros ($14.9 billion) in Tax In Ireland, which it must return to the Irish government. Both Apple and the Irish government have expressed their displeasure with the ruling and have appealed.

While awaiting the outcome of the appeal, Ireland, a member of the European Union, has complied with the EU’s ruling and accepted the tax paid by Apple. In September 2018, Ireland confirmed that Apple had deposited all of its taxes into an escrow account set up by the Irish government. But the Irish government did not use the money, but to await the outcome of the appeal.

Earlier,media reported that EU judges were expected to sign two major rulings this summer involving apple and Facebook. These two rulings could determine the EU’s growing influence over global trade rules.

The first decision was issued on 15 July. The ruling will determine whether the EU can impose a 13 billion euro ($14.8 billion) Irish tax rebate on iPhone makers, the biggest test of the EU’s efforts to crack down on unfair fiscal agreements between governments and multinationals.

Apple wins $14.9 billion tax bill lawsuit in European Court

Apple wins $14.9 billion tax bill lawsuit in European Court