iPhone | iPad
Android
Huawei
A ministerial committee has been set up to assess damages and distribute compensation
KT APPDOWNLOAD
EU court backs Apple in case over $15 billion in back taxes
Brussels - The ruling from the EU's second-highest court on the 2016 decision can only be appealed on points of law.
A European Union high court on Wednesday ruled in favor of technology giant Apple and Ireland in its dispute with the EU over 13 billion euros ($15 billion) in back taxes.The Luxembourg-based General Court said that the multinational does not need to pay the 13 billion euros that the EU Commission called for. The EU Commission had claimed that Apple had an illegal sweetheart tax deal with Irish authorities.
The ruling from the EU's second-highest court on the 2016 decision can only be appealed on points of law.
The court said that "the Commission did not succeed in showing to the requisite legal standard that there was an advantage."
Apple welcomes court ruling
Apple said on Wednesday that it was pleased that Europe's second-top court had rejected an EU order to the iPhone maker to pay 13 billion euros in Irish back taxes.
"This case was not about how much tax we pay, but where we are required to pay it. We're proud to be the largest taxpayer in the world as we know the important role tax payments play in society," Apple said.
- AP, Reuters
More news from
The actor complained about a widely-circulated deepfake video that showed him promoting political views
Fans flooded the comments section with expressions of excitement and nostalgia
The 'Dangal' actor has shed light on his choice to skip film award ceremonies, emphasising the value of time
The actor discussed what he has learned from his relationship with the singer on a podcast hosted by Jay Shetty
The Mena region’s fintech landscape is booming, with over 800 start-ups worth $15.5 billion
The actor is a mother to three children whom she shares with ex Ben Affleck
The former Spice Girl, who turned 50 recently and celebrated with a lavish birthday event shared numerous photos from the party on her Instagram Stories
