Apple Wins Fight Over $14.9 Billion Tax Bill in Blow to EU
- EU lower court ruling on Apple, Ireland cases can be appealed
- Company, Ireland challenged European Commission decision
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Apple Inc. won its court fight over a record 13 billion-euro ($14.9 billion) Irish tax bill in a crushing blow to European Union Competition Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals for companies.
The judgment by the EU’s lower court on Wednesday vindicates Apple Chief Executive Officer Tim Cook’s challenge against a decision he labeled as “political crap.”