Highlights

  • The European Union's top court rejected Apple's last appeal
  • Now, the company has to pay €13 billion in back taxes to Ireland
  • In 2020, Apple had won a favorable ruling from the EU's General Court

Latest news

The Untranslatable Words and Their Influence on Thought

The Untranslatable Words and Their Influence on Thought

Massive IndiGo Flight Cancellations Impact Rajya Sabha Discourse

Massive IndiGo Flight Cancellations Impact Rajya Sabha Discourse

IndiGo Cancels 30 Flights from Goa Airport Amid Operational Disruptions

IndiGo Cancels 30 Flights from Goa Airport Amid Operational Disruptions

KRAFTON India Rolls Out 59 New BGMI Redeem Codes to Unlock Premium In-Game Rewards

KRAFTON India Rolls Out 59 New BGMI Redeem Codes to Unlock Premium In-Game Rewards

Brisbane with kids: Top 6 family-friendly experiences you can't miss

Brisbane with kids: Top 6 family-friendly experiences you can't miss

Tripura Targets Self-Reliance in Tea Sector, Slashes Losses

Tripura Targets Self-Reliance in Tea Sector, Slashes Losses

SC Dismisses Plea to Ban Arundhati Roy Book over Cover Image

SC Dismisses Plea to Ban Arundhati Roy Book over Cover Image

IndiGo cancels all departing flights from Delhi airport till Friday midnight

IndiGo cancels all departing flights from Delhi airport till Friday midnight

Huge Tax Blow For Apple In Europe Right After Launching iPhone 16

Apple has lost its final legal challenge in the EU, with the top court ruling the company must pay €13 billion in back taxes to Ireland. This comes after years of disputes over illegal tax breaks that the EU deemed unlawful aid.

Huge Tax Blow For Apple In Europe Right After Launching iPhone 16

The European Union's top court on Tuesday rejected Apple's final legal challenge against an order from the bloc's executive commission to repay 13 billion euros in back taxes to Ireland, bringing an end to the long-running dispute.

The European Court of Justice overruled a lower court's earlier decision in the case, saying it “confirms the European Commission's 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover.”

The case drew outrage from Apple when it was opened in 2016, with CEO Tim Cook calling it “total political crap.”

Then-US President Donald Trump slammed European Commissioner Margrethe Vestager, who spearheaded the campaign to root out special tax deals and crack down on big US tech companies, as the “tax lady” who “really hates the US.”

In its 2020 ruling, the European Union's General Court disagreed with the European Commission, the bloc's executive branch, which had accused Apple of striking an illegal tax deal with Irish authorities so that it could pay extremely low rates.

"We are disappointed with today's decision as previously the General Court reviewed the facts and categorically annulled this case,” Apple said in a statement.

“There has never been a special deal," the company said.

Also Watch: Namkeen Price Drop Alert! GST Cut To Make Your Favorite Snacks Cheape

ADVERTISEMENT

Up Next

Huge Tax Blow For Apple In Europe Right After Launching iPhone 16

Huge Tax Blow For Apple In Europe Right After Launching iPhone 16

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ADVERTISEMENT

editorji-whatsApp

More videos

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

Dream debut: LG Electronics India shares jump over 50 pc

Dream debut: LG Electronics India shares jump over 50 pc

One GB wireless data in India costs less than a cup of tea: PM Modi

One GB wireless data in India costs less than a cup of tea: PM Modi

Power struggle in Tata Trusts: Trustees clash over board appointments

Power struggle in Tata Trusts: Trustees clash over board appointments

World Bank raises India's growth projection to 6.5 pc for 2025-26

World Bank raises India's growth projection to 6.5 pc for 2025-26

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.