The EU General Court quashes a €13 billion tax ruling fine on a multinational technology company (Apple)

€13 billion Apple tax recovery decision quashed On 15 July 2020, the EU General Court ("GC") handed down its much awaited judgment in the Apple case. It overturned the European Commission's ("Commission") decision ordering Ireland to recover EUR 13 billion (plus interests) in illegal State aid from Apple in its entirety. Background In August 2016, the Commission found that Apple had been granted illegal State aid of up to EUR 13 billion as a consequence of tax rulings issued by the Ireland in 1991 and 2007 (the "Decision"). These involved two Apple Group companies which were incorporated in Ireland, but not tax resident there. As a result of the tax rulings, most of the sales profits of Apple Sales International ("ASI") and Apple Operations Europe ("AOE") were allocated to their

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Denis Waelbroeck, Donald Slater, The EU General Court quashes a €13 billion tax ruling fine on a multinational technology company (Apple), 15 July 2020, e-Competitions Tax rulings, Art. N° 96107

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