Business Standard

Apple wins tax battle with EU as court annuls order to pay $15 billion

The decision is a setback for European efforts to clamp down on what the authorities believe is anti-competitive behaviour

apple
Premium

The judgment by the EU’s lower court on Wednesday vindicates Apple Chief Executive Officer Tim Cook’s challenge against a decision he labelled as “political crap”.

Stephanie Bodoni & Aoife White | Bloomberg
Apple won its court fight over a record $14.9 billion Irish tax bill in a crushing blow to European Union Competition Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals for companies.

The judgment by the EU’s lower court on Wednesday vindicates Apple Chief Executive Officer Tim Cook’s challenge against a decision he labelled as “political crap”.

While the EU General Court’s ruling can still be appealed, judges delivered a stinging attack on the European Commission for failing to show “to the requisite legal standard” that Ireland’s tax deal broke state-aid law by giving Apple an unfair advantage. 

“The commission’s intent seemed to be

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 15 2020 | 11:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com