icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

EU to scrap lawsuit against Ireland after Apple pays back taxes

EU to scrap lawsuit against Ireland after Apple pays back taxes
European Union antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid the country €13.1 billion ($15.3 billion) in back taxes.

The lawsuit was initiated in 2017 by the EU which severely criticized Dublin for moving too slowly in recovering the money.

“In light of the full payment by Apple of the illegal state aid it had received from Ireland, commissioner Margrethe Vestager will be proposing to the college of commissioners the withdrawal of this court action,” the European Commission’s spokesman Ricardo Cardoso said.

The commission ruled in August 2016 that Apple had received unfair tax incentives from the Irish government. Both Apple and Dublin appealed the initial ruling, claiming the tax treatment had been in line with Irish and EU law.

Ireland’s finance ministry began collecting the back taxes in a series of payments in May.

“While the government fundamentally disagrees with the commission’s analysis and is seeking an annulment of that decision, as committed members of the European Union, we have always confirmed that we would recover the alleged state aid,” Ireland’s Minister for Finance, Paschal Donohoe, said in a statement.

The ministry also said that its appeal had been granted priority status and is progressing through various stages of proceedings before the general court of the European Union (GCEU) which is Europe’s second highest court.

It will likely take several years to be settled by the European courts, according to the ministry.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.