this post was submitted on 10 Sep 2024
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Economics

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Apple must pay 13 billion euros in back taxes, EU's top court rules (www.cnbc.com)
submitted 3 months ago by MicroWave to c/economics
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  • Europe’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. 
  • The case stems back to 2016 when the European Commission ordered Ireland to recover up to 13 billion euros ($14.4 billion) in back taxes from Apple.
  • The Commission said at the time Apple had received “illegal” tax benefits from Ireland over the course of two decades.
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[–] carl_dungeon 5 points 3 months ago

Good, I’m a fanboy, but corporations need to pay their share and then some.