September 25, 2020

EU appeals court veto of $15 billion Apple tax order

Photo by Medhat Dawoud on Unsplash

The Gist

EU antitrust chief M. Vestager said on Friday Brussels will appeal a court ruling that defeated an order for Apple to pay €14.3 billion in tax to Ireland.

The List

  • The EU's general court recently ruled that the Commission had failed to prove that the Irish government gave tax advantages to Apple.
  • In response, the Commission will take the case to the European Court of Justice - the highest court in Europe. 
  • “We have to continue to use all tools at our disposal to ensure companies pay their fair share of tax,” M. Vestager said.
  • According to M. Vestager,  the EU countries require new legislation to close the tax loopholes and ensure transparency. 
  • Apple said the court's decision proved the company always complied with Irish tax rules.

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