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Will Apple pay €13 billion in back taxes to Ireland by December 31, 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Apple or the European Court of Justice, financial news reports
Story
European Court of Justice Rules Against Apple in €13 Billion Tax Case, Google Loses €2.4 Billion Antitrust Appeal
Sep 10, 2024, 07:53 AM
The European Union's top court, the European Court of Justice, has ruled against Apple in a long-running tax dispute, requiring the company to pay €13 billion ($14.4 billion) in back taxes to Ireland. This decision upholds the European Commission's 2016 ruling that Ireland provided Apple with illegal state aid through favorable tax arrangements. The ruling represents a significant victory for the EU's efforts to crack down on special deals granted by nations to large corporations. Additionally, Google lost its appeal to overturn a €2.4 billion ($2.7 billion) fine for antitrust violations, where the company was found to have abused its dominance in search to favor its own shopping services.
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