Apple has lost its historic fiscal battle against the EU and will have to pay about $ 14.5 billion in unpaid taxes to Ireland.
The European Court of Justice announced its ruling less than a day after the iPhone 16 and the iPhone 16 Pro were revealed. It marks the end of a 10 -year battle on Apple’s tax payments in Ireland, and questions about whether Apple had given them illegal fiscal benefits of the country over the course of about 20 years. Adding some strangeness to the case, both Apple and Ireland have protested the failure, which would see Apple in the hook for (and Ireland for the benefit of) 13 billion euros.
The EU originally failed against Apple in 2016 after a two -year investigation, a ruling canceled by the EU General Court in 2020 after an appeal of Apple and Ireland. Now, the European Court of Justice, the highest legal body in the block, has set aside that decision.
Apple’s EU tax saga finally ends
Money at play has remained in deposit for about ten years, so the material impact on Apple should be minimal. However, Apple is still challenging against the verdict. In a statement to IMORE, the company said: “This case has never been about the amount of taxes we pay, but to which government we must pay. We always pay all the taxes that we must where we will operate and that there has never been a special agreement. Apple is proud to be an engine of growth and innovation throughout Europe and throughout the world, and that one of the largest taxpayers will constantly require The United States.
Apple also said that it has paid more than $ 20 billion in taxes to the United States on the same profits as EU claims should be taxed in Ireland. Apple says that between 2003 and 2014, the decade analyzed for the EU, the company paid $ 577 million in Irish income taxes, 12.5% of the profits generated in the country.
#Apple #loses #Irish #tax #case #billion
