Apple loses $14bn Irish tax case against the EU
December 17, 2024

Apple loses $14bn Irish tax case against the EU

Apple will have to pay about $14.5 billion in unpaid taxes to Ireland after losing a landmark tax battle with the European Union.

The European Court of Justice announced its ruling less than a day after iphone 16 and iPhone 16 Pro Unveiled. It marks the end of a decade-long battle over Apple’s tax payments in Ireland and questions whether Apple received illegal tax benefits from the country for about 20 years. Even more bizarrely, both Apple and Ireland protested the ruling, which would have left Apple (which benefited Ireland) liable for €13 billion in damages.

2024-09-10 09:48:50

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