Apple told to pay back €13bn in tax by EU

Quick Summary:

The European Court of Justice upheld a 2016 decision that said Apple received unlawful aid from Ireland.

The original ruling came at a time when the Commission was attempting to clamp down on multinational giants whom it believed were using creative financial arrangements to reduce their tax bills.

The tech giant had been appealing against the fine, which was originally levied by the European Commission in 2017.

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Article Details

Category: Business

Markets: United KingdomIreland

Topics: Been Decision Taxes European Court Ireland Commission Apple Years Required

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 08:44:52 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22446548

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #43

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