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Apple Must Pay $14.4 Billion to Ireland in Crackdown on ‘Sweetheart Deals’
The European Court of Justice has ordered Apple to pay billions in back taxes to Ireland, in a move that hands a victory to the European Commission against so-called ‘sweetheart deals’ between the country and big tech companies.
Apple has been ordered to pay €13 billion ($14.4bn) of unpaid taxes to the Irish state, in a court ruling that ended a decade-long fight between Europe and the big tech company. Dr Stephen Daly, a reader in tax law at King’s College London, says he is “stunned” by the decision, which has come after a lengthy back and forth legal battle that saw the European General Court find in Apple’s favour in 2020. During his last stint in the White House, current presidential hopeful Donald Trump namechecked the country in a speech in which he vowed to bring “trillions of dollars” in tax revenues back to the US.
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