The European Court of Justice rules against Apple over a record €13B Irish tax bill, confirming a 2016 decision; filing: Apple will incur a ~$10B charge in Q4
https://www.bbc.com/... “The EU Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be paid back.” — Insane! … Bluesky: @techviews.bsky.social : EU's top court ruled against #Apple in the tech giant's 10-year battle over its tax affairs in #Ireland. In 2016 the EC ordered Ireland to recover 13 billion in back taxes from Apple. The Commission said Apple had received illegal tax benefits over the course of two decades. — #EU #tax #fraud [embedded post] Mark O'Neill / @radiobeartime.com : We could buy the RAF and lease it back to Britain. [embedded post] X: Margrethe Vestager / @vestager : Today is a huge win for European citizens and tax justice. 👉In its final judgment, @EUCourtPress confirms @EU_Commission 2016 decision: Ireland granted illegal aid to @Apple. Ireland now has to release up to 13 billion euros of unpaid taxes. @irldeptfinance : The Government of Ireland has today noted the statements in relation to the judgment from the Court of Justice of the European Union that did not find in favour of Ireland's arguments in the Apple State aid case. Read more: https://www.gov.ie/... [image] Joseph E. Stiglitz / @josephestiglitz : Excellent news: Apple ordered to pay back taxes to Ireland to the tune of €13 billion. All multinationals should pay their fair share of taxes to the countries in which they operate. @icrict @FT https://www.ft.com/... Oxfam EU / @oxfameu : “While the Apple ruling will force the tech giant to pay its debt, the root of the issue is far from solved. [...] The duty to stop this rests on the shoulders of EU policymakers”, said @ChiaraPutaturo. Read @JavierespFT 👇 https://www.ft.com/... Joe Haslam / @joehas : Apple spokesman Julien Trosdorf said on Tuesday that the case had “never been about how much tax we pay but which government we are required to pay it to.” “We always pay all the taxes we owe wherever we operate and there has never been a special deal,” he said. Brad Setser / @brad_setser : Vestager just provided Ireland with the seed money for its sovereign wealth fund (back taxes for all the years when Apple Ireland generated stateless and thus untaxed income ...) 1/2 Brad Setser / @brad_setser : Just a reminder that Apple pays more tax abroad than it pays in the United States, and now likely pays almost to Ireland as to the US Treasury. [image] @eu_commission : LIVE: Apple tax State Aid and Google Shopping antitrust cases - Press conference by Executive Vice-President @vestager following the Court of Justice rulings. https://x.com/... Dominika Langenmayr / @d_langenmayr : The commission successfully used state aid law to argue against domestic tax law. The structure in the case is pre-BEPS and no longer used, but this judgment could have substantial implications for other (mostly US) firms that profited from special tax regimes in Europe... Oxfam EU / @oxfameu : This ruling must not stand alone as a single victory. The EU must close all loopholes that allow corporations and wealthy individuals to avoid paying their fair share of tax. This includes a European #WealthTax. + 300,000 Europeans want it 👇 https://eci.ec.europa.eu/... Jason Kint / @jason_kint : For those capturing Apple has to pay the 13 billion and Google just started its third antitrust trial and think Meta is chilling on beach, summary judgment redactions are flying in DC courts where FTC vs Meta (US seeks to break them up) and they have SCOTUS 11/6 on other case). @eucourtpress : #ECJ confirms @EU_Commission illegal aid decision on #taxruling issued by #Ireland in favour of @Apple - #EUGeneralCourt judgment annulled - #Ireland must now recover an estimated €13 billion 👉 https://curia.europa.eu/... Joe Rossignol / @rsgnl : I won't pretend to understand all of the facts in this case, but Apple clearly had a favorable tax arrangement in Ireland, and I'm not opposed to a multinational corporation that made $383 BILLION in revenue last year paying more taxes. Matt Cooper / @cooper_m : Best of both worlds outcome for government on Apple ruling. Can tell Apple and multinationals it fought for them but now, shrug of shoulders, what it can do but follow EU orders and take and spend the money. Simon Van Dorpe / @simonvandorpe : 📢 Big News: European Commission unexpectedly wins its 14.2 billion euro tax case against Apple and Ireland before EU's highest court‼️ [image] Gavan Reilly / @gavreilly : 🚨 NEW: The EU's highest court upholds the European Commission's appeal over Ireland's tax relationship with Apple - Ireland will now be required to accept €13bn in tax arrears which has been managed in an escrow account since 2016 @VirginMediaNews Gabriel Zucman / @gabriel_zucman : “All our tax avoidance is perfectly legal” https://www.politico.eu/... Nicholas Hirst / @nicholashirst_ : The core reasoning of @EU_Competition's case against Apple from 2014. Simple, really. Despite the thousands of pages of legal debate across decisions and judgments that followed. [image] Dare Obasanjo / @carnage4life : A big day for EU fines on big tech. Google loses its appeal on a fine of €2.4B from a 2017 ruling for favoring its shopping services in search while Apple lost its appeal on a €13B tax bill from a 2016 ruling for not paying taxes in Ireland. The wheels of justice grind slowly. [image] Zoe Kleinman / @zsk : Expensive day to be a tech giant in Europe... ⚡️Apple has to pay €13bn (£11bn) in unpaid tax in Ireland - even though the country has said it doesn't want it - the European Court of Justice has ruled ⚡️Google must pay a €2.4bn (£2bn) fine issued by the European Commission in M.G. Siegler / @mgsiegler : Irish Eyes Decidedly Not Smiling in Cupertino... LinkedIn: Emil Protalinski : The EU is not letting Big Tech dodge its fines. — Apple and Google both must pay penalties going back almost a decade ago. … Massimo Motta : Excellent news from the Court of Justice, II (Apple Tax Rulings). It sets aside the General Court's judgment (which annulled the Commission's decision) … Thomas Mygind : Quite a landmark rendered by the Grand Chamber of the CJEU in its long awaited judgment in the Apple State Aid (Irish tax rulings) case. … Forums: Hacker News : Apple must pay 13B euros in back taxes, EU's top court rules r/worldnews : Apple loses EU court battle over 13 billion euro tax bill in Ireland r/anime_titties : Apple must pay 13 billion euros in back taxes, EU's top court rules r/law : CNBC: Apple must pay 13 billion euros in back taxes, EU's top court rules r/apple : Apple loses EU court battle over 13 billion euro tax bill in Ireland r/stocks : Apple loses EU court battle over 13 billion euro tax bill in Ireland r/ireland : Apple must pay Ireland €13bn in unpaid taxes, court rules r/europe : Apple Loses EU Top Court Fight Over €13 Billion Irish Tax Bill r/Economics : European Commission scores stunning court win in €13B Apple tax row. The Apple case was part of a slew of probes aimed at … r/neoliberal : Apple told to pay back €13bn in tax by EU r/worldnews : European Commission scores stunning court win in €13B Apple tax row r/news : Apple loses EU court battle over 13 billion euro tax bill in Ireland r/technology : Apple loses EU court battle over 13 billion euro tax bill in Ireland
EU's top court ruled against #Apple in the tech giant's 10-year battle over its tax affairs in #Ireland. In 2016 the EC ordered Ireland to recover 13 billion in back taxes from Apple. The Commission said Apple had received illegal tax benefits over the course of two decades. —…
Today is a huge win for European citizens and tax justice. 👉In its final judgment, @EUCourtPress confirms @EU_Commission 2016 decision: Ireland granted illegal aid to @Apple. Ireland now has to release up to 13 billion euros of unpaid taxes.
The Government of Ireland has today noted the statements in relation to the judgment from the Court of Justice of the European Union that did not find in favour of Ireland's arguments in the Apple State aid case. Read more: https://www.gov.ie/... [image]
Excellent news: Apple ordered to pay back taxes to Ireland to the tune of €13 billion. All multinationals should pay their fair share of taxes to the countries in which they operate. @icrict @FT https://www.ft.com/...
“While the Apple ruling will force the tech giant to pay its debt, the root of the issue is far from solved. [...] The duty to stop this rests on the shoulders of EU policymakers”, said @ChiaraPutaturo. Read @JavierespFT 👇 https://www.ft.com/...
Apple spokesman Julien Trosdorf said on Tuesday that the case had “never been about how much tax we pay but which government we are required to pay it to.” “We always pay all the taxes we owe wherever we operate and there has never been a special deal,” he said.
Vestager just provided Ireland with the seed money for its sovereign wealth fund (back taxes for all the years when Apple Ireland generated stateless and thus untaxed income ...) 1/2
Just a reminder that Apple pays more tax abroad than it pays in the United States, and now likely pays almost to Ireland as to the US Treasury. [image]
LIVE: Apple tax State Aid and Google Shopping antitrust cases - Press conference by Executive Vice-President @vestager following the Court of Justice rulings. https://x.com/...
The commission successfully used state aid law to argue against domestic tax law. The structure in the case is pre-BEPS and no longer used, but this judgment could have substantial implications for other (mostly US) firms that profited from special tax regimes in Europe...
This ruling must not stand alone as a single victory. The EU must close all loopholes that allow corporations and wealthy individuals to avoid paying their fair share of tax. This includes a European #WealthTax. + 300,000 Europeans want it 👇 https://eci.ec.europa.eu/...
For those capturing Apple has to pay the 13 billion and Google just started its third antitrust trial and think Meta is chilling on beach, summary judgment redactions are flying in DC courts where FTC vs Meta (US seeks to break them up) and they have SCOTUS 11/6 on other case).
#ECJ confirms @EU_Commission illegal aid decision on #taxruling issued by #Ireland in favour of @Apple - #EUGeneralCourt judgment annulled - #Ireland must now recover an estimated €13 billion 👉 https://curia.europa.eu/...
I won't pretend to understand all of the facts in this case, but Apple clearly had a favorable tax arrangement in Ireland, and I'm not opposed to a multinational corporation that made $383 BILLION in revenue last year paying more taxes.
Best of both worlds outcome for government on Apple ruling. Can tell Apple and multinationals it fought for them but now, shrug of shoulders, what it can do but follow EU orders and take and spend the money.
🚨 NEW: The EU's highest court upholds the European Commission's appeal over Ireland's tax relationship with Apple - Ireland will now be required to accept €13bn in tax arrears which has been managed in an escrow account since 2016 @VirginMediaNews
The core reasoning of @EU_Competition's case against Apple from 2014. Simple, really. Despite the thousands of pages of legal debate across decisions and judgments that followed. [image]
A big day for EU fines on big tech. Google loses its appeal on a fine of €2.4B from a 2017 ruling for favoring its shopping services in search while Apple lost its appeal on a €13B tax bill from a 2016 ruling for not paying taxes in Ireland. The wheels of justice grind slowly. [i…
Expensive day to be a tech giant in Europe... ⚡️Apple has to pay €13bn (£11bn) in unpaid tax in Ireland - even though the country has said it doesn't want it - the European Court of Justice has ruled ⚡️Google must pay a €2.4bn (£2bn) fine issued by the European Commission in