European court annuls EU’s 13 bn euro Apple tax decision
By
Binu Mathew
A European court on Wednesday annulled an EU order that Apple repay Ireland 13 billion euros ($15 billion) in back taxes, in a major legal setback for Brussels.
The iPhone-maker and Ireland staunchly opposed the 2016 decision that Apple CEO Tim Cook slammed at the time as “total political crap”.
In a statement, the EU’s general court said it “annuls the decision taken by the Commission regarding the Irish tax rulings in favour of Apple.”