Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Apple logo Apple / Songquan Deng/Shutterstock.com

In a highly anticipated decision, the European Union’s second highest court has ruled that a tax deal struck between the U.S. tech giant Apple and Irish tax authorities almost two decades ago did not violate EU state aid rules.

In a decision handed down on Wednesday, the Luxembourg-based EU General Court also quashed the 2016 state aid order that set the years long legal fight between the U.S. tech company and European competition authorities in motion. The decision means that Apple will not have to pay €13.1 billion – with €1.2 billion in interest – in back taxes to the Irish tax authorities, as the Commission ordered it to in 2016.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.