Four years ago, Apple was accused by the European Commission of receiving illegal tax cuts in Ireland. The Cupertino-based company was then forced to pay the amount of €13 billion to Ireland. The value was accumulated taxes during the 2003 – 2014 period. According to the report, the company allegedly paid a reduced corporate tax of just 1%. Ireland usually charges a 12.5% corporate tax.
Apple, obviously, appealed the ruling. Now, the General Court of the European Union decided in favor of the Cupertino-based firm. It has revoked the EU Commission’s decision, effectively ruling in Apple’s favor. According to the new decision, the EU Commission failed to provide actual proof that Apple took advantage of the lowered corporate tax. Now, the EU Commission still has 14 days to appeal the new ruling.
According to the General Court, the Commission was wrong to make such declarations. You can read more details to explain the General Court decision below.