The United States government has reportedly filed to intervene in Apple's tax dispute with the European Commission, reports Reuters.
In August of 2016, the European Commission ruled that Ireland granted illegal tax benefits to Apple and must recover the unpaid taxes from Apple for the years 2003 to 2014 of up to €13 billion, plus interest. More details on the decision here.
Apple is fighting the order, as is Ireland, who said, "The Government fundamentally disagrees with the European Commission’s analysis and the decision left the Government no choice but to take an appeal to the European Courts".
A source now tells Reuters the the U.S. government is getting involved...
"I can confirm the United States filed an application with the European Union General Court to intervene in the case involving the retroactive application of state aid rules to Apple," said the source, who declined to be named because of the sensitivity of the matter. The General Court is expected to hear the case in late 2018.
Ireland, the Netherlands, Luxembourg, Starbucks, Fiat Chrysler Automobiles and several other companies are also fighting EU orders to pay back taxes.
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In August of 2016, the European Commission ruled that Ireland granted illegal tax benefits to Apple and must recover the unpaid taxes from Apple for the years 2003 to 2014 of up to €13 billion, plus interest. More details on the decision here.
Apple is fighting the order, as is Ireland, who said, "The Government fundamentally disagrees with the European Commission’s analysis and the decision left the Government no choice but to take an appeal to the European Courts".
A source now tells Reuters the the U.S. government is getting involved...
"I can confirm the United States filed an application with the European Union General Court to intervene in the case involving the retroactive application of state aid rules to Apple," said the source, who declined to be named because of the sensitivity of the matter. The General Court is expected to hear the case in late 2018.
Ireland, the Netherlands, Luxembourg, Starbucks, Fiat Chrysler Automobiles and several other companies are also fighting EU orders to pay back taxes.
You can follow iClarified on Twitter, Facebook, or RSS for updates.
Read More