Apple must pay Ireland more than $14 billion in back taxes, court rules
CBSN
The European Union's top court on Tuesday rejected Apple's final legal challenge against an order from the bloc's executive commission to repay 13 billion euros, or the equivalent of more than $14 billion, in back taxes to Ireland, bringing an end to the long-running dispute.
The European Court of Justice overruled a lower court's earlier decision in the case, saying it "confirms the European Commission's 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover."
The case drew outrage from Apple when it was opened in 2016, with CEO Tim Cook calling it "total political crap." Then-U.S. President Donald Trump slammed European Commissioner Margrethe Vestager, who spearheaded the campaign to root out special tax deals and crack down on big U.S. tech companies, as the "tax lady" who "really hates the U.S."
