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Apple goes to EU court over $14bn tax case

WorldNews Monday, 16 September 2019
Apple goes to EU court over $14bn tax caseLuxembourg/BrusselsApple is fighting the world’s biggest tax case in a quiet courtroom this week, trying to rein in the EU's powerful antitrust chief ahead of a potential new crackdown on internet giants. The iPhone maker can tell the EU General Court in Luxembourg that it is the world’s biggest taxpayer. But that’s not enough for EU competition commissioner Margrethe Vestager, who said in a 2016 ruling that Apple’s tax deals with Ireland allowed the company to pay far less than other businesses. The court must now weigh up whether regulators were right to levy a record €13bn tax bill. Apple’s haggling over tax comes after its market valuation hit $1.02-trillion last week after a new,...
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News video: Apple challenges EU tax bill

Apple challenges EU tax bill 01:45

Apple challenges EU tax bill

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