Ireland wins appeal in €13bn Apple tax case

is likely to ultimately end up under appeal before the Court of Justice of the European Union, the EU’s highest court. It could take up to a further three years before there is a final outcome on the case, stemming from the world’s biggest-ever anti-trust decision.

In the meantime, most of the €14.3 billion collected by the Government in 2018 following directions from the commission, including €1.2 billion of interest, will remain in escrow until a final verdict is delivered. “The verdict [comes] at a sensitive time for Ireland, which has been forced to fight a rear-guard action against European efforts to impose different types of sales and digital taxes in recent years,” said Ryan McGrath, an government bonds analyst with Cantor Fitzgerald in Dublin.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ruling due on Apple and Ireland's €13bn tax appealThe General Court of the European Union will give its decision today on Apple and Ireland's appeal against the European Commission's €13bn tax ruling against the technology company.
Source: rtenews - 🏆 1. / 99 Read more »

Ruling due on Apple and Ireland's €13bn tax appealThe General Court of the European Union will give its decision today on Apple and Ireland's appeal against the European Commission's €13bn tax ruling against the technology company.
Source: rtenews - 🏆 1. / 99 Read more »