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Wednesday July 15, 2020

Apple wins European Court of Justice ruling against fining 13 billion euros

Apple won a decision by the European General Court to prevent it from following a previous ruling to pay 13 billion euros (14.9 billion dollars) in a lawsuit of tax evasion in Irish lands dating back to 2016.

The original court ruling to fine Apple goes back to the European Commission and antitrust chief Margrethe Vestager, which said in 2016 that the Irish government and Apple had entered into an agreement to reduce taxes to less than 1% on revenue, as it considered the entire matter illegal.

For its part, Apple responded to the CEO’s statement with the legality of its business in Ireland. There is no truth to what was circulated by the European Commission and that it pays taxes in accordance with the laws in force in the country. The Irish government rejected the Commission’s decision and the judgment issued at that time was appealed.

Today’s response will be from the European General Court to overturn the anti-monopoly ruling after 4 years of its issuance and the continuation of prayers and tours in the courtrooms, so that this outcome is in the interest of the iPhone maker and the Irish government, which welcomed the decision.

The court based its decision on the lack of sufficient evidence from the commission to support its allegations, saying that “the commission has not succeeded in showing a basic legal requirement that indicates Apple’s distinction as an advantage.”

On the other hand, the Commission stated that it is studying the reasons for the recent court decision and what is the next step that it will take, knowing that the ruling will not be subject to appeal after the end of the appeal period of two months and ten days from the date of its issuance.

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Source:

The Verge

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