The European General
Court decided last week that the Irish tax ruling agreements with Apple do not
infringe European Union Law (Judgement of 15.07.2020, T-778/16 and T-892/16). The tax benefits obtained do not
constitute unlawful state aid as prohibited under Article 107(1) TFEU. The
Court hence annulled the decision of the European Commission that Ireland
granted illegal state aid. In consequence, Apple does not have to repay taxes plus
interest and saves approximately 14 bn USD.
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| Infographic of the EC |
