Apple will now pay $14.4 billion in back taxes to Ireland after the European Court of Justice upheld a 2016 ruling that deemed Apple received unfair state aid from Ireland.
The European Commission stated that Apple benefited from favorable tax arrangements, resulting in an effective tax rate as low as 0.005%, leading to significant tax liabilities.
CEO Tim Cook previously called the ruling 'total political crap,' but the court upheld the European Commission’s decision, highlighting concerns over tax justice for European citizens.
Margrethe Vestager, the EU's top antitrust regulator, celebrated the ruling as a major victory for tax justice, indicating that it reinforces the need for equitable tax treatment.
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