The European Commission of the European Union (EU) has decided to appeal the ruling on the issue of Apple’s tax savings via its Irish corporation. In July 2020, the European Court of Justice of the European Union (EU) issued a ruling in support of Apple’s allegations.
European Court invalidates Commission’s order
Apple was ordered to pay € 13 billion in 2018 after the European Commission’s ruling that it had unfairly saved $ 120 billion in Ireland, which has a low tax rate. .. Until then, the company had dismissed the alleged tax evasion as a “political word”, but after the order, it followed the European Commission’s order and accepted the additional tax payment.
However, in July 2020, the European Court of Justice ruled that the Commission’s additional taxation was invalidated, saying that there was insufficient evidence that Ireland’s tax incentives were illegal.
The committee’s appeal will settle a few years ahead
The European Commission’s appeal dissatisfied with the July ruling, with Marguerite Vestair pointing out that “the court made multiple mistakes” and “ensuring proper tax payments for companies of all sizes.” That’s the highest priority of the European Commission, “he said in a statement. “It is against the law for Member States to give preferential tax treatment only to certain multinational corporations, which hinders healthy competition within the EU.”
The appeal is expected to bring the final settlement several years away. Apple has been appealed and commented that “nothing has changed” since the July ruling. However, including the issue of platform monopoly, the windfall on the company is increasing year by year in various countries around the world, and even if the evidence is insufficient, it seems that it will not be easy to “recover stigma”.
Source: Cult of Mac, WSJ
Source: iPhone Mania