European Commission to appeal against $ 14.3 billion Apple tax ruling

European Commission to appeal against $ 14.3 billion Apple tax ruling

The European Commission of Appeals has ruled in favor of Ireland in a lawsuit filed by Apple Computer against a $ 14.3 billion decision by a tech giant.

The ruling finance minister, Paschal Donohue, said the state would continue to ensure that the interests of the European Commission were protected, despite expectations.

The current stage of this problem has now taken four years to reach. I would say it will take years to decide further, ”he said.

“The Commission … I respectfully note that the General Court has made a number of legal errors in its judgment,” said Margaret Westergeer of the European Commission.

The General Court has repeatedly affirmed the principle that “while member states have the power to determine tax laws, they must do so in relation to EU law, including state aid laws,” she added.

“If member states give certain multinational companies tax benefits that are not available to their competitors, this violates state union rules and adversely affects fair competition in the European Union.”

Governance

In July, the European Court of Justice ruled that Apple’s arrangement in Ireland was tantamount to illegal benefits from the state, saying the commission had “failed to meet the required legal standards”. It overturned an earlier order requiring the company to pay $ 14.3 billion to the Republic.

The ruling in favor of Ireland and Apple was a setback for Westerger’s attempts to impose controls on tech behemoths and block what appears to be the girlfriend’s tax transaction.

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