Apple Shares Slip As EU Commission Appeals $15 Billion Tax Ruling

Apple Inc. shares slipped lower Friday after the European Commission said it would appeal a ruling that freed the tech giant from paying a $15 billion back tax payment to the government of Ireland.



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Apple Shares Slip As EU Commission Appeals $15 Billion Tax Ruling

Europe’s General Court ruled in July that the EU Commission, as well as Competition Commissioner Margrethe Vestager, “did not succeed in showing to the requisite legal standard that there was an advantage” in Apple’s tax arrangement with the Republic of Ireland that would have violated EU rules.”

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The original order from the European Commission in 2016 had called on Apple to pay €13 billion ($15 billion) in back taxes to the Irish government after authorities said the two had agreed an unfair tax agreement as part of Apple’s investment in the Republic.

“The General Court judgment raises important legal issues that

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