Apple loses EU court battle over 13 billion euro tax bill in Ireland
undefined 10, 2024
Europe’s top court ruled against Apple in its decade-long tax dispute with Ireland. The European Court of Justice upheld the 2016 European Commission ruling that Apple received illegal tax benefits, overturning a previous court decision favoring Apple. This ruling comes as Apple launched new products and amid ongoing EU scrutiny of tech giants. Apple’s shares fell 1% in premarket trading, and the company has yet to comment. The case underscores the EU’s continued efforts to address taxation and competition issues with major tech firms.
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