EU locks horns with Apple and Ireland in 14.3B tax battle
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The EU is going head to head with Apple and Ireland once again in a high-stakes courtroom battle which could have a lasting impact on how multinational firms are regulated in the bloc. EU competition regulators appealed to the European Court of Justice in Luxembourg today to override a lower tribunal decision and make Apple pay back Ireland 14.3bn in taxes plus interest. The case is the most high-profile of EU watchdog chief Margrethe Vestagers campaign against so-called sweetheart deals that offer multinationals favourable tax terms in EU states. According to the Commission lawyer Paul-John Lowenthal, the outcome of the…
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