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European Commission Loses Case Worth €13 Billion Against Apple, Ireland

European Commission Loses Case Worth €13 Billion Against Apple, Ireland

Apple and Ireland have won the appeal against European Commission, which imposed a tax ruling worth €13.1 billion on the tech giant. The EC had alleged Ireland to provide Apple Inc. with unfair tax benefits and ordered them to recover the amount with interest. 

Tech giant Apple and Ireland, both appealed against the ECs decision. They won after the General Court of the European Union (GCEU) nullified the decision, on Wednesday. The GCEU also declared that no such economic advantage granted to Apple and gave the firm a clean chit. 

Apple Inc. was working with only two subsidiaries in Europe, between 2003 and 2014, namely, Apple Sales International and Apple Operations Europe. The case began when the European Commission alleged that the two sub-companies of Europe allocated significant profit chunk to its head office, which did not even exist in real and is only registered on paper. In response, Apple responded that Ireland did not provide them with any deal or rebate, and the data has no foundation.

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