Apple will likely pay Ireland $14.9 billion in back taxes.
The European Commission ordered Apple to pay this amount in 2016, claiming that the company received unfair tax benefits from Ireland.
Although Apple and Ireland appealed the decision, the Court of Justice of the European Union handed down the ruling on Tuesday.
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The top court overturned a lower court’s 2020 ruling, which had annulled the commission’s decision. The Irish government and Apple had taken the case to the lower court.
Apple deposited a provisional payment of 14.3 billion euros, or about 15.8 billion dollars, including interest, into a third party account in 2018. Those funds are expected to be transferred to the Irish government’s coffers.
Also, on Tuesday the same apex court handed down a separate ruling. It upheld the commission’s decision requiring Google to pay a fine of 2.42 billion euros, or about 2.7 billion dollars. Google is also a US IT giant.
The commission claimed that Google “abused its dominant position” by favoring its own comparison shopping service over those of its competitors.
Source: NewsBand
