Apple must pay €13bn in back taxes
Ireland is required to recover more than 13bn euros (£11bn) in back taxes from Apple, following a decision of Europe’s top court.
The European Court of Justice (CJEU) decision restores a 2016 European Commission ruling that Ireland gave undue tax benefits to Apple, which would be illegal under EU state aid rules. A deal which enabled Apple to keep jobs in Ireland.
The case has been watched carefully across the bloc as a watershed moment over Big Tech’s tax affairs in Europe. This may prove to be a catalyst for other firms (mainly from the US) evading taxes in EU zones and may lead to job losses as the big Tech firms are looking to protect their bottom line.