{"id":249,"date":"2020-07-15T11:28:50","date_gmt":"2020-07-15T11:28:50","guid":{"rendered":"https:\/\/businessner.com\/?p=249"},"modified":"2020-07-15T11:28:50","modified_gmt":"2020-07-15T11:28:50","slug":"eu-court-sides-with-apple-ireland-in-eus-landmark-15-billion-tax-case","status":"publish","type":"post","link":"https:\/\/businessner.com\/eu-court-sides-with-apple-ireland-in-eus-landmark-15-billion-tax-case\/","title":{"rendered":"EU Court sides with Apple, Ireland in EU\u2019s landmark $15 billion tax case"},"content":{"rendered":"<p>A European Union court has ruled in favor of Apple in an appeal of an order to pay Ireland \u20ac13 billion euros in back taxes. The ruling complicates EU efforts to rein in tech giants in Europe.<\/p>\n<p>The General Court of the European Union (GCEU) has annulled\u00a0the decision taken by the Commission regarding the Irish tax rulings in favour of Apple.<\/p>\n<p>The subject of Apple\u2019s tax arrangements has long been used by critics to point out that the company is not as high-minded as it makes out. As the iPhone maker has grown to being one of the largest and most profitable in the world, the chorus of people asking where its profits go has grown louder. And, as regulators began examining just how Apple handled its profits, concerns about tax avoidance became harder to ignore.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/EUGeneralCourt?src=hash&amp;ref_src=twsrc%5Etfw\">#EUGeneralCourt<\/a> annuls the decision taken by the <a href=\"https:\/\/twitter.com\/EU_Commission?ref_src=twsrc%5Etfw\">@EU_Commission<\/a> regarding the Irish <a href=\"https:\/\/twitter.com\/hashtag\/TaxRulings?src=hash&amp;ref_src=twsrc%5Etfw\">#TaxRulings<\/a> in favour of <a href=\"https:\/\/twitter.com\/Apple?ref_src=twsrc%5Etfw\">@Apple<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Apple?src=hash&amp;ref_src=twsrc%5Etfw\">#Apple<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/EUCommission?src=hash&amp;ref_src=twsrc%5Etfw\">#EUCommission<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/StateAid?src=hash&amp;ref_src=twsrc%5Etfw\">#StateAid<\/a> <a href=\"https:\/\/t.co\/KoF6r1n82S\">pic.twitter.com\/KoF6r1n82S<\/a><\/p>\n<p>\u2014 EU Court of Justice (@EUCourtPress) <a href=\"https:\/\/twitter.com\/EUCourtPress\/status\/1283326636348379137?ref_src=twsrc%5Etfw\">July 15, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company has accused the European Commission of trying to rewrite Apple&#8217;s history in Europe, ignore Irish tax laws and upend the international tax system.<\/p>\n<p>Tim Cook has long argued that Apple does pay its tax, but should only do so in\u00a0places where it creates value.\u00a0The CEO feels that Apple should only be paying tax in the US, since its Cupertino HQ is where the value of its products are created. Which is probably something of an insult to the people building Mac and iOS devices across the world, and the countries that provide skilled employees and infrastructure that enables Apple to do business.<\/p>\n<p>It has also alleged that the EU&#8217;s claim has no basis in fact or in law as Apple had never asked for, nor was it given, any special deals.<\/p>\n<p>The\u00a0Government had\u00a0also opposed the Commission&#8217;s decision, arguing it was fundamentally flawed and interfered with its sovereignty by seeking to override national law.<\/p>\n<p>With the legal challenge expected to run for years, Ireland\u2019s debt agency has invested the disputed taxes in low-risk, highly rated euro-dominated bonds, mainly short- to medium-term sovereign securities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A European Union court has ruled in favor of Apple in an appeal of an order to pay Ireland \u20ac13 billion euros in back taxes. The ruling complicates EU efforts to rein in tech giants in Europe. The General Court of the European Union (GCEU) has annulled\u00a0the decision taken by the Commission regarding the Irish [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":251,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"EU Court Rules in Favor of Apple, Complicating EU&#039;s Efforts to Rein in Tech Giants","_seopress_titles_desc":"Apple and Ireland win appeal against the European Commission\u2019s $15 billion tax ruling","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[31],"tags":[],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/249"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=249"}],"version-history":[{"count":1,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/249\/revisions"}],"predecessor-version":[{"id":250,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/249\/revisions\/250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/251"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}