Apple and Google Must Pay Billions in Back Taxes and Fines After E.U. Court Ruling
Tuesday, 10 September 2024, 02:41
Major Ruling from the E.U. Court
The European Court of Justice ruling mandates that Apple repay approximately $14.35 billion due to illegal tax advantages in Ireland. Moreover, Google confirms its obligation towards a $2.65 billion antitrust fine.
Implications for Corporations
- This decision signifies a shift in how corporations assess tax obligations.
- The ruling impacts foreign investments and market strategies.
- Expect heightened scrutiny on corporate tax practices across the E.U.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.