European Union appeals ruling not to obligate Apple to pay $ 15 billion in taxes

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The European Commission revealed that it will appeal a court decision stating that Apple does not have to pay 13 billion euros (15 billion US dollars) in back taxes to Ireland, as this appeal comes after the US tech giant recently achieved a major legal victory in its long battle with the Commission. EU executive, which has been trying to curb the ability of multinational corporations to strike private tax deals with individual EU countries.

According to Indias TOI website, the General Court of the European Union ruled that the Commission declared in error in 2016 that Apple had unlawful government aid when it entered into a low tax rate agreement with the Irish authorities. Executive Vice President Margaret Westager said: “You see with respect that the General Court In its ruling it committed a number of legal errors, and for this reason, the Commission takes this matter to the European Court of Justice, ”the highest court in the bloc.

The ruling can only be appealed in legal points, and “Vestager” said that it raises important legal issues related to the application of rules against unfair state aid in tax cases. The European Union Commission had ordered Apple to pay the total tax payments on profits across the European bloc from the year 2000. 2003 to 2014.

The Commission said that Apple used two shell companies in Ireland to report their profits nationwide at effective rates well below 1%, and in many cases, multinational companies can pay taxes on the bulk of their revenues across the 27 European Union countries in one country. One in the European Union as it has regional headquarters.

For Apple and many other US tech companies, this is Ireland, and for small European Union countries like Ireland, this helps attract international business and even a small amount of tax revenue is beneficial to them. However, the net result is that companies often end up. They command very low taxes.

The Irish government said it was always clear that Apple paid the correct amount of tax and was not getting state aid, and indicated that an appeal could take up to two years, and Apple said the case was never about how much tax it pays but where it is to be paid. , The company said that the appeal “will not change the factual conclusions of the General Court, which demonstrate that we have always adhered to the law in Ireland, as we do everywhere we work.”

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