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You are here : World News – Russian opinion» Economy» EU challenges court docket ruling permitting Apple to keep away from paying $15bn tax invoice

EU challenges court docket ruling permitting Apple to keep away from paying $15bn tax invoice

Posted By Russian Opinion. Under Economy  Tags: $15bn, allowing, apple, avoid, bill, Challenges, court, Paying, ruling  

The European Fee mentioned on Friday it might enchantment a court docket ruling which has sided with Apple over a report €13 billion ($ 15.12 billion) Irish tax invoice.

“The Fee has determined to enchantment earlier than the European Court docket of Justice the Normal Court docket’s judgment of July 2020 on the Apple State help case in Eire,” the EU’s competitors chief Margrethe Vestager mentioned in a press release.

She mentioned the Normal Court docket raised “essential authorized points” in its ruling, including that “the Fee additionally respectfully considers that in its judgment the Normal Court docket has made plenty of errors of regulation.”

In accordance with Vestager, the identical court docket had beforehand acknowledged that EU member nations wanted to respect European treaties, regardless of with the ability to arrange their very own taxation legal guidelines. “Now we have to proceed to make use of all instruments at our disposal to make sure corporations pay their fair proportion of tax,” she mentioned.

Additionally on rt.com

FILE PHOTO A view of buildings on The Apple campus in Cork, southern Ireland © AFP / PAUL FAITH
Court docket guidelines in Apple’s favor in RECORD $ 15bn tax case in opposition to EU

In July, the EU’s normal court docket dominated that the Fee had did not show that Apple had been granted financial benefit by way of Eire’s taxes.

The Fee’s group, led by Vestager, argued in 2016 that the tech big needed to repay €13 billion in unpaid taxes to Eire, after the nation granted “undue tax advantages” to the agency.

Each Apple and Eire have contested the allegation, with Apple saying that it had by no means requested for any particular preparations and that the EU has tried to rewrite historical past. Apple CEO Tim Cook dinner has even known as the debacle “complete political crap.”

The European Fee will now take the case to the best court docket in Europe.

For extra tales on economic system & finance go to RT’s enterprise part

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