Apple wins the bill of $14.9 billion EU tax appeal which Tim Cook called “political crap” once.On Wednesday, Apple handed a victory as it won against 13 billion euros ($14.9 billion) tax bill appeal that was passed on by the European Commission in 2016.
This decision has taken from the second-highest court of EU that heard the case last September.Europe’s Competition Commission examined a two-year antitrust examination that results in Apple’s mammoth tax bill. It was the investigating of that company had paid enough tax in Ireland in European headquarters. The company had paid such little tax in the country, said Margrethe Vestager, Competition Commissioner.
He further said that it draws numerous US tech companies because of favorable tax laws which added up to illegal state aid.Both Apple and Ireland fought the fine where the CEO Tim Cook of the company dismissed it as promising to appeal saying it political crap.
The General Court of Europe heard for the appeal last year that ultimately ruled this week about Apple that it hadn’t broken EU competition law. On Tuesday’s announcement, Apple expressed gratitude toward the court forits time. Apple expressed that it was pleased with the result.A spokesman of the company said that this case was not about how much assessment the company pays, but where we need to pay it.
He included, “We’re proud to be the largest taxpayer in the world as we know the important role tax payments play in society.” He added in his statement that Apple had paid more than $100 billion in corporate earnings charges globally in the most recent decade and tens of billions as well.In, Apple paid the 13 billion euros into an escrow account in September 2018, where it will remain until the finish of the appeals procedure. Even Apple may have won this appeal, but the European Court of Justice that is Europe’s highest court could get the appeal from Competition Commission in the future where the final result would be declared.