mosaique.info logo
sign up
  1. home
  3. article
  5. EU court orders Apple and Google to pay billions in back taxes and antitrust fines

EU court orders Apple and Google to pay billions in back taxes and antitrust fines

ai generated text

The European Court of Justice has ruled that Apple must pay 13 billion euros ($14.3 billion) in back taxes to Ireland, related to a 2016 case where Ireland gave Apple an illegal tax benefit. This decision overturns a lower court's ruling in 2020 that had quashed the European Commission's order. Apple's CEO, Tim Cook, had previously dismissed the Commission's position as "total political crap". The court also upheld a 2.4 billion euro fine against Google in an antitrust case. The ruling is seen as a significant victory for the European Union's efforts to rein in tech giants and ensure that multinationals pay their fair share of taxes.

  1. European Court of Justice
    1. The Court of Justice gives final judgment in the matter and confirms the European Commission's 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover.
  2. DK
    Margrethe Vestager
    European Commission
    1. Today is a big win for European citizens and for tax justice.
    2. It's a win for the commission. It's also a win for the level playing field of the internal market and for tax justice.
    3. The Irish position has always been that Ireland does not give preferential tax treatment to any companies or taxpayers.
    4. I was ready to face the loss. It was the win that made me cry.
  3. US
    Rory O'Donoghue
    Google
    1. We are disappointed with the decision of the Court, which relates to a very specific set of facts.
    2. We are disappointed with the decision of the court. This judgment relates to a very specific set of facts. We made changes back in 2017 to comply with the European Commission's decision. Our approach has worked successfully for more than seven years, generating billions of clicks for more than 800 comparison shopping services.
  4. GB
    Dan Neidle
    Tax Policy Associates
    1. It's a massive victory for the commission - their strategy of using competition law and state aid to override domestic tax rules has succeeded. I and most observers thought it wouldn't - we were wrong.

sources

  1. 1.The Times
  2. 2.Ars Technica
  3. 3.The Washington Post
  4. 4.Le Monde
  5. 5.France 24
  6. 6.Agence France-Presse
  7. 7.Financial Times
  8. 8.Washington Post

perspectives

  1. 1.Lawsuit
  2. 2.Regulation
  3. 3.Monopoly
  4. 4.Tax evasion

countries

  1. 1.United KingdomGB
  2. 2.IrelandIE
  3. 3.LuxembourgLU
  4. 4.NetherlandsNL
  5. 5.United StatesUS

organizations

  1. 1.GoogleUS
  2. 2.AppleUS
  3. 3.European Commission
  4. 4.European Court of Justice
  5. 5.European Union
  6. 6.StarbucksUS
  7. 7.Alphabet Inc
  8. 8.Court of Justice
  9. 9.European Central Bank
  10. 10.Tax Policy Associates
  11. 11.University College Dublin

persons

  1. 1.Margrethe VestagerDK
  2. 2.Aidan Regan
  3. 3.Dan NeidleGB
  4. 4.Mario Draghi
  5. 5.Rory O'DonoghueUS
  6. 6.Tim CookUS

technicals

  1. 1.iPhone
  2. 2.Eurozone
  3. 3.iPhone 16
  4. 4.Silicon Valley