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Tax News: Apple Wins $13B Irish Tax Dispute with the EU

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Apple Inc. (NASDAQ: AAPL) won its tax court case over a record 13 billion-euro Irish tax bill in a monumental defeat to European Union Competition Commissioner.

While the EU General Court’s ruling can still be appealed, judges delivered a stinging attack on the European Commission for failing to show “to the requisite legal standard” that Ireland’s tax deal broke state-aid law by giving Apple an unfair advantage.

Apple shares rose 2 percent to $396 in pre-market trading.

For any questions or assistance, please contact the Tax Attorneys at Fazzio Law, we are in your corner!

Category: Tax

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