Following Apple paying 13.1 billion euro ($15.3 billion) in back taxes, the EU antitrust regulator plans to withdraw legal action against Ireland.
Following Apple paying 13.1 billion euro ($15.3 billion) in back taxes, the EU antitrust regulator plans to withdraw legal action against Ireland.
In 2016 the European Commission ruled that Apple was unfairly given tax breaks in an illegal ‘sweatheart’ tax deal with the Irish government.
Citing that it gave Apple an ‘significant advantage’ over its competition, ruling that Apple had to pay taxes it owed from between 2003 and 2014 - plus interest.
European Competition Commissioner Margrethe Vestager took legal action against the Irish Government last year for failing to recover the amount from Apple.
In light of the full payment by Apple of the illegal State aid it had received from Ireland, Commissioner Vestager will be proposing to the College of Commissioners the withdrawal of this court action
European Commission spokesman Ricardo Cardoso said in an email.
Apple previously stated that its confident the decision would be overturned - so watch this space.
In 2016 the European Commission ruled that Apple was unfairly given tax breaks in an illegal ‘sweatheart’ tax deal with the Irish government.
Citing that it gave Apple an ‘significant advantage’ over its competition, ruling that Apple had to pay taxes it owed from between 2003 and 2014 - plus interest.
European Competition Commissioner Margrethe Vestager took legal action against the Irish Government last year for failing to recover the amount from Apple.
In light of the full payment by Apple of the illegal State aid it had received from Ireland, Commissioner Vestager will be proposing to the College of Commissioners the withdrawal of this court action
European Commission spokesman Ricardo Cardoso said in an email.
Apple previously stated that its confident the decision would be overturned - so watch this space.