fallback-image

Apple ruling: Tax battle is 'a marathon not a sprint,' says EU's competition chief Vestager

Apple's win over the EU won't stop officials probing tax deals, says the EU's competition chief Margrethe Vestager.

Brussels was dealt a blow on Wednesday when the union's second-highest court ruled the tech giant did not have to pay €13 billion in Irish back taxes.

"We will decide on [the] next steps once we have concluded our assessment of the judgement," said Vestager, also the European Commission's vice president. "But one thing is clear, the fight against aggressive tax planning is a marathon, this is not a sprint, and this marathon well, it does take place on very hilly grounds."

Four years ago the Brussels ordered Apple to pay back taxes to Ireland saying it had benefitted from illegal state aid under two Irish tax rulings.

It may be a case of losing the battle to win the war.

On Wednesday, the European Commission announced a raft of new measures to counter corporate tax evasion, in a bid to shore up the bloc's economy from the coronavirus economic downturn.

Related Posts

Heavy rains, landslides leave 18 dead in south India

Heavy rains, landslides leave 18 dead in south India

Snoop Dogg’s company makes first investment in Europe in cannabis start-up

Snoop Dogg’s company makes first investment in Europe in cannabis start-up

Bitcoin nears record high amid ETF debut. What is an ETF and can it convince the crypto world?

Bitcoin nears record high amid ETF debut. What is an ETF and can it convince the crypto world?

Day 2 of the 50th Paris Judo Grand Slam 2021

Day 2 of the 50th Paris Judo Grand Slam 2021

No Comment

Leave a Reply

Your email address will not be published. Required fields are marked *