EU Court "European decision on taxing huge amounts of tax on Apple is invalid"

EU Court “European decision on taxing huge amount of tax on Apple is invalid” at 6:45 on July 16

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The EU-European court has ruled that the US IT company Apple is invalid for the EU's decision calling for a large additional tax, saying it is illegal to receive tax incentives from the Irish government. The EU has strengthened its measures, saying that a major US IT company is evading taxes, but this decision may affect how the measures are taken.

The EU's executive body, the European Commission, said four years ago that the Irish government's tax incentives to Apple were an illegal subsidy to companies banned by the EU, amounting to €13 billion to the Irish government, I demanded the additional tax of JPY 1.6 trillion in Japanese yen.

While the Irish government, as a member country, cooperated in tax collection, it paid Apple 14.3 billion euros including interest, while appealing the decision to the EU court.

The general court, which is the first instance of the EU Court of Justice, decided on the 15th that the European Commission has invalidated the decision because it did not sufficiently show the illegality of the preferential treatment.

The EU has strengthened its countermeasures, saying that a major US IT company called GAFA, etc., has a huge profit in Europe and is based in a country with a low corporate tax rate and does not pay taxes commensurate with profits. , There is a possibility that the way these measures are taken will be affected.

Apple "satisfied"

Apple commented, "We are pleased that the General Court rejected the European Commission's allegations."