EU Court Reverses Apple's €13B Tax Assessment

Law360 (July 15, 2020, 5:27 AM EDT) -- The European Union's General Court on Wednesday overturned the European Commission's landmark 2016 finding that tax breaks Ireland granted to U.S. tech giant Apple gave it a competitive advantage, nullifying the order that Apple repay Ireland €13 billion ($14.8 billion). 

Apple Inc.'s Fifth Avenue store in New York. The company's victory in the European Union's General Court represents a blow to the European Commission's use of state aid rules to change corporate tax practices. (AP) The ruling is a major blow to the European Commission's use of state aid rules to change corporate tax practices in the bloc and is a victory for the California-based...

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