Crunch time for Apple in fight against $15 bln EU tax order [Reuters]
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Source: Reuters
Crunch time for Apple in fight against $15 bln EU tax order BRUSSELS/DUBLIN, July 15 (Reuters) - Apple’s clash with EU competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay 13 billion euros ($15 billion) in Irish back taxes, a key part of the EU’s crackdown against sweetheart tax deals. In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades - to as low as 0.005% in 2014. Defeat for European Competition Commissioner Margrethe Vestager could weaken or delay pending cases against Ikea’s and Nike’s deals with the Netherlands, as well as Huhtamaki’s agreement with Luxembourg. Vestager, who has made the tax crackdown a centrepiece of her time in office, saw the same court last year overturn her demand for Starbucks to pay up to 30 million euros in Dutch back taxes. In another case, the court also threw
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