EU Court Orders Apple to Pay €13bn in Back Taxes
- The European Court of Justice has ruled that Apple must pay €13bn in back taxes to Ireland, overturning a previous lower court decision. - The ruling confirms that Ireland provided unlawful aid to Apple through a tax deal that resulted in a tax rate of less than 1 percent. - Apple has criticized the decision, claiming the EU is retroactively changing the rules and that their income was already taxed in the US. - The case is seen as a significant moment in the EU's efforts to regulate Big Tech's tax arrangements. - Separately, the EU won an antitrust case against Google, upholding a €2.4bn fine for abusing its market power. Source: [Financial Times]()
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