EU court orders Apple to pay Ireland €13 billion ...News

Economy by : (Russia Today) -
The tax saga involving the US tech giant is part of the bloc’s antitrust crackdown The EU’s highest court has ordered US tech giant Apple to pay €13 billion ($14.4 billion) to Ireland in back taxes as part of the bloc’s crackdown on special deals agreed by multinationals and governments. The EU Court of Justice (ECJ) released the judgement in a statement on Tuesday. The European Commission initially issued the order back in 2016, saying that Apple had benefited for over two decades from two Irish tax rulings that artificially reduced its tax burden. The country’s low tax rates helped it attract Big Tech companies

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