cross-posted from: https://feddit.org/post/2722079
Apple has been told to pay €13bn (£11bn; $14bn) in unpaid taxes to Ireland by the European Court of Justice (ECJ).
The European Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be paid.
The ECJ said its decision on the matter was final and that “Ireland granted Apple unlawful aid which Ireland is required to recover”.
The Irish government said it would respect the ruling, while Apple said it was disappointed with the decision and accused the European Commission of “trying to retroactively change the rules”.
A separate ECJ ruling on Tuesday also brought an end to a long-running case with Google, with the company ordered to pay a fine of €2.4bn (£2bn) fine for market dominance abuse.
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$14 billion. That’s actually pretty hefty. Go, EU regulators! Do what my regulatory-captured country won’t!
Compared to the US, very hefty.
Is it enough, though? I can’t say if it is or not, but my gut tells me it’s not enough.
