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Summary:
A legal adviser to the European Court of Justice recommends reconsidering a ruling that allowed Apple to avoid paying €13bn in back taxes, citing legal errors and failure to assess certain methodological errors. The initial 2016 ruling, overturned three years ago, found Apple received illegal tax breaks from the Irish government. The adviser's opinion is non-binding but may influence the court's decision. Apple argues it received no selective advantage and believes the initial ruling should stand. The case highlights the ongoing dispute between the EU, Apple, and the Irish government over alleged preferential tax treatment.
Why it’s important/interesting?
This development is significant due to its impact on the long-standing dispute between the EU, Apple, and the Irish government over alleged illegal tax breaks. The legal adviser's call for a review suggests potential flaws in the initial ruling, highlighting a complex legal battle. The case exemplifies the broader issue of multinational companies facing scrutiny for alleged tax avoidance. The Irish government's stance, arguing that the country's favorable tax environment justifies the loss in back taxes, adds a layer of economic and regulatory complexity. The outcome could influence how the EU addresses state aid and tax practices by major corporations, setting a precedent for future cases.
Reference: https://www[dot]bbc.com/news/business-67367101