The European Court of Justice has upheld a 2016 ruling requiring Apple to repay €13 billion in illegal tax benefits received from Ireland. This decision marks a significant victory for EU competition chief Margrethe Vestager, reinforcing the EU's stance against preferential tax arrangements for multinationals. The ruling concludes a lengthy legal battle that began in 2014.
The case began in 2014 when the European Commission accused Ireland of granting Apple illegal tax advantages. In 2016, the Commission ordered Ireland to recover €13 billion in unpaid taxes. Apple and Ireland appealed, leading to a 2020 ruling in favor of Apple, which has now been overturned by the EU's top court.
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Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.
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Margrethe Vestager is a Danish social liberal politician serving in the Von der Leyen Commission as Executive Vice President of the European Commission for A Europe Fit for the Digital Age since 1 December 2019 and European Commissioner for Competition si
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The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.
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Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel.
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The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, a search engine, cloud computing, software, and hardware.
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The Court of Justice, informally known as the European Court of Justice, is the supreme court of the European Union in matters of European Union law, and is considered by many 'the most powerful and influential international court that is realistically po
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The Court of Justice of the European Union is the judicial branch of the European Union. Seated in the Kirchberg quarter of Luxembourg City, Luxembourg, this EU institution consists of two separate courts: the Court of Justice and the General Court.
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Timothy Donald Cook is an American business executive, philanthropist and industrial engineer. Cook is the chief executive officer of Apple Inc., and previously served as the company's chief operating officer under its cofounder Steve Jobs.
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The United States Department of Justice, also known as the Justice Department, is a federal executive department of the United States government responsible for the enforcement of the law and administration of justice in the United States, and is equivale
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Android is a mobile operating system based on a modified version of the Linux kernel and other open source software, designed primarily for touchscreen mobile devices such as smartphones and tablets.
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Cork or CORK may refer to:
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Amazon.com, Inc., is an American multinational technology company based in Seattle, Washington. Amazon focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.