Apple told to pay Ireland €13bn in tax by EU
www.bbc.com
The European Court of Justice upheld a 2016 decision that said Apple received unlawful aid from Ireland.

cross-posted from: https://feddit.org/post/2722079

Apple has been told to pay €13bn (£11bn; $14bn) in unpaid taxes to Ireland by the European Court of Justice (ECJ).

The European Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be paid.

The ECJ said its decision on the matter was final and that “Ireland granted Apple unlawful aid which Ireland is required to recover”.

The Irish government said it would respect the ruling, while Apple said it was disappointed with the decision and accused the European Commission of “trying to retroactively change the rules”.

A separate ECJ ruling on Tuesday also brought an end to a long-running case with Google, with the company ordered to pay a fine of €2.4bn (£2bn) fine for market dominance abuse.

[…]

  • BumpingFuglies@lemmy.zipEnglish
    12·
    2 months ago

    $14 billion. That’s actually pretty hefty. Go, EU regulators! Do what my regulatory-captured country won’t!

    • FIash Mob #5678@beehaw.org
      3·
      2 months ago

      Compared to the US, very hefty.

      Is it enough, though? I can’t say if it is or not, but my gut tells me it’s not enough.