Apple Wins EU Court Fight Over $14.9 Billion Tax Bill

Apple Inc. won its court fight over a record 13 billion-euro ($14.9 billion) Irish tax bill in a crushing blow to European Union antitrust chief Margrethe Vestager’s crackdown on preferential fiscal deals to selected companies.

The EU General Court sided with the iPhone maker, ruling on Wednesday that Ireland’s tax arrangements with the company weren’t illegal state aid. The decision can be appealed.

Check Also

Oil: Final revenues for August amount to more than $8 billion

Today, Tuesday, the Ministry of Oil announced the final statistics for the quantities of crude …

Leave a Reply

Your email address will not be published.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