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Apple must pay €13 billion in back taxes after losing final appeal

Apple must pay €13 billion in back taxes after losing final appeal

a week ago
Anonymous $genLyrxdTY

https://arstechnica.com/tech-policy/2024/09/apple-must-pay-e13-billion-in-back-taxes-after-losing-final-appeal/

Apple has suffered a significant defeat after the EU’s top court ruled that the iPhone maker must pay €13 billion in back taxes, overturning an earlier decision in the Big Tech group’s favor.

The ruling relates to a 2016 case when the EU’s competition chief Margrethe Vestager said that Ireland had given the company an illegal sweetheart deal, amounting to a tax rate of less than 1 percent.

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