Apple scored a major win on Wednesday as Europe’s second-highest court rejected an EU order for the iPhone maker to pay Sh1.6 trillion in Irish back taxes, dealing a blow to the bloc’s attempts to crack down on sweetheart tax deals. Apple welcomed the ruling, saying the case was not about how much tax it pays, but where it is required to pay it. The Commission can appeal on points of law to the EU Court of Justice, Europe’s top court. “Today’s court decision illustrates how difficult it is to use EU state aid rules to collect tax. With attempts to get a global agreement on taxing multinationals buckling, plans for an EU tax could be revived, putting Dublin’s low rates in the firing line.

Source: Standard Digital July 15, 2020 18:00 UTC