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EU Directs Apple to Pay Ireland €13bn in Tax Ruling

Sam Anderson by Sam Anderson
September 11, 2024
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In a groundbreaking ruling, the European Union has mandated that tech giant Apple pay €13 billion in back taxes to Ireland, marking a pivotal moment in the history of EU tax regulation.

The investigation into Apple’s tax practices in Ireland began in 2014, as the European Commission examined the company’s financial dealings with the Irish government.

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By 2016, the Commission concluded that these agreements enabled Apple to pay an effective tax rate as low as 0.005% on its European earnings, far below the standard corporate tax rate in the country.

Both Apple and the Irish government have consistently denied the EU’s findings. Apple CEO Tim Cook strongly criticized the ruling, calling it “total political crap,” and maintained that the company had adhered to all relevant tax laws in Ireland.

Cook maintained that Apple’s tax agreements were lawful under both Irish and international regulations, and accused the EU of unfairly targeting the company.

After the EU’s initial ruling in 2016, both Apple and Ireland appealed the decision. In 2020, the General Court of the European Union ruled in favor of Apple and Ireland, stating that the Commission had failed to prove that Apple had received illegal state aid.

For Ireland, the case presents a difficult balancing act. While the country could benefit from a substantial €13 billion tax windfall, there are concerns that enforcing the ruling could deter multinational corporations from investing in the country, which has long been attractive due to its favorable tax regime.

As the legal battle continues, the final outcome of the €13 billion tax payment remains unclear. Should the European Court of Justice affirm the Commission’s ruling, Apple will be obligated to pay the entire €13 billion to Ireland.

Conversely, if the decision is overturned, Apple will be spared from the hefty tax bill, and Ireland will avoid the obligation to collect it.

As the appeal process unfolds, all eyes are on the European Court of Justice, whose final decision in this high-profile case could have widespread implications for corporate tax policies across Europe and beyond.

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