Apple Told to Pay Ireland €13 Billion in Tax by EU

BBC News:

Apple has been ordered to pay Ireland €13bn (£11bn; $14bn) in unpaid taxes by Europe’s top court, putting an end to an eight-year row.

The European Commission accused Ireland of giving Apple illegal tax advantages in 2016, but Ireland has consistently argued against the need for the tax to be paid.

The Irish government said it would respect the ruling.

Apple said it was disappointed with the decision and accused the European Commission of “trying to retroactively change the rules”.

Ireland doesn’t want the money:

The Irish government has argued that Apple should not have to repay the back taxes, deeming that its loss was worth it to make the country an attractive home for large companies.

What a great win for Margrethe Vestager, making clear to the world that the EU is hostile to successful companies. Good job.

★ Tuesday, 10 September 2024