Deadline for the European Union Commission to appeal the Apple tax decision

Deadline for the European Union Commission to appeal the Apple tax decision

The European Commission must decide before the end of today whether to appeal the European Union (GCEU) ruling in the Apple tax case.

On July 15, Apple and Ireland filed a lawsuit against the European Commission’s $ 13.1 billion tax ruling four years ago.

The commission found that the commission was wrong in declaring that two Irish-based companies, Apple Sales International and Apple Operations Europe, had received selective financial gains and extended state aid.

The Commission had two months and ten days to approach the Court of Justice of the European Union.

That deadline ends at midnight today.

Government sources said they have not yet received any indication of what the commission intends to do.

Such an appeal can be made only at a legal point, not in the facts of the case.

Prior to the GCU ruling, it was expected that the decision would be appealed in any given year.

But following the court’s decision in July, some experts commented that the strength of the court’s ruling was unlikely to appeal to the commission.

Earlier this week, Politico said it was likely to file an appeal, citing European sources.

If an appeal is filed today, it is likely to be two years before it expires.

If the ruling is not appealed, the National Treasury Management Agency expects to quickly begin the process of recovering $ 14.3 billion in taxes and interest deposited in Apple’s Escrow account two years ago.

READ  Trump's longtime banker at Roimari Wrablik, Dutch bank, has resigned
Written By
More from Jake Pearson

Euro Million results on Tuesday, September 1st

These numbers are for the 155 million euro Euro million jackpot and...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *