The General Court of the European Union has annulled the decision taken by the Commission regarding the Irish tax rulings in favour of Apple.
"Ireland appealed the commission decision on the basis that Ireland granted no State aid and the decision today from the court supports that view." Here is the court's release. pic.twitter.com/HvAVp9Kl8O "We're proud to be the largest taxpayer in the world as we know the important role tax payments play in society.
The Commission's claim was that the rulings rubber-stamped a method of determining the taxable profits for two companies based in Ireland - Apple Sales International and Apple Operations Europe - which were managed from outside Ireland and were responsible for all Apple's sales outside of the Americas.
These profits were not, as a result, subject to tax in any country under specific provisions of the Irish tax law which are no longer in force, it found. Both Apple and Ireland have strongly denied the Commission's claims and appealed the ruling to the European courts, with the hearing taking place over two days last September.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimes - 🏆 3. / 98 Read more »
Source: rtenews - 🏆 1. / 99 Read more »