The EU’s second highest court overturned a decision asking Apple to repay a record 13 billion euros in taxes to the Irish government.
The ruling was issued by the European Commission in 2016 and was seen as a significant win for Margrethe Vestager, EU cartel chief. Vestager concluded that the iPhone maker had paid an effective tax rate of less than 1 percent for years due to a “government treasury” deal from the Irish government. A uniquely preferred deal that was considered “illegal state aid”.
“Member States cannot grant tax benefits to select companies ̵
However, this decision was overturned this morning by judges from the Court of Justice of the European Union, who said in a statement that the Commission had failed to show the required legal standard that there was an advantage for Apple.
The Commission now has two months and ten days to appeal the decision.