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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.
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The European Court of Justice upheld a ruling that Ireland granted Apple illegal tax benefits, ordering the company to repay €13 billion. This decision has significant implications for Ireland's economy and its relationship with multinational corporations, as the funds are now in an escrow account pending distribution.
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Google is embroiled in multiple antitrust cases in the EU and US, with recent court rulings impacting its advertising practices. The EU's General Court annulled a €1.5 billion fine while the US Justice Department seeks to break up Google's ad tech business, alleging monopolistic practices.