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Tech & Science Does Apple have to pay 13 billion euros in taxes? Dispute continues before the ECJ

18:37  25 september  2020
18:37  25 september  2020 Source:   t3n.de

Apple to open its first India online store

  Apple to open its first India online store Apple will launch its first online store in India next week, the Silicon Valley giant said Friday, hoping to cash in on the country's festive season and grow its tiny share of the booming market. The company is a small player in India, where sales of its smartphones lag those of South Korean rival Samsung, with the iPhone maker pricing itself exclusively at the luxury end of the market. Its renewed push into India comes as Asia's third-largestThe company is a small player in India, where sales of its smartphones lag those of South Korean rival Samsung, with the iPhone maker pricing itself exclusively at the luxury end of the market.

Die europäische Kommission in Brüssel. © Damir Sencar / Shutterstock The European Commission in Brussels.

In the dispute over a back tax payment of 13 billion euros, the EU court had given Apple right. The EU Commission appeals and takes the case to the European Court of Justice.

For years, the EU has been fighting with Apple over a back tax payment of 13 billion euros. In July, the EU court in Luxembourg canceled the claim. Now the EU Commission is appealing, as the Vice President of the Commission Margrethe Vestager has announced . The case must therefore be heard before the European Court of Justice.

Long-standing dispute over back payment

The dispute began in August 2016. The European Commission had found that Apple in Ireland had received improper aid in the form of tax breaks between 1991 and 2007 and demanded a back payment.

Tennis tournament's incredibly 'petty' move

  Tennis tournament's incredibly 'petty' move A measly 10 euros. It may be the pettiest short-changing in tennis history by leading offender the Italian Open.The Italian Open, with the gun of COVID-19 pointed at its head, corrected a massive pay discrepancy this year when it reworked prize money across both the men's and women's tournaments.

Ireland and Apple resisted and got right in July . According to the judgment, the Commission was unable to prove that the aid involved was prohibited.

The Commission wants to challenge this judgment because there were “a number of errors of law” in the proceedings.

Let everyone pay their share

"The Commission continues to make a top priority to ensure that all businesses, large and small, pay their fair share of taxes," said Vestager.

It is true that the EU member states can decide on their own tax laws, but only as long as they do not harm fair competition within the EU - according to Vestager, this is the case when some countries offer tax advantages to multinational corporations.

More on the topic:

Apple does not have to pay a record tax amount in Ireland

Digital tax: How the US is avoiding taxation of digital companies

13 billion: EU Commission demands additional tax payment from Apple

Trump could be in a lot of legal hot water if he loses the election .
The presidency shields him from charges of tax fraud, campaign finance violations, obstruction, and more.It’s legal to use huge business losses to offset other income (though whether it should be is another question), but it’s not at all legal to cook the books in order to generate paper accounting losses to avoid taxes. It’s not clear whether Trump broke the law, but the existence of the years-long legal battle over the audit suggests the IRS has reason to believe he did. And some of the accounting practices documented on his tax returns are extremely fishy — characterizing aspects of his lifestyle and wealth transfers to his heirs as business expenses.

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