The post EU appeal seeks to force Apple to pay $14.3 billion tax clawback appeared first on MacDailyNews. Competition regulators on Tuesday appealed to European Union’s highest court to override a lower tribunal and force Apple to pay a record 13 billion euros ($14.3 billion) in an Irish tax clawback.

Reuters:

The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager’s campaign against sweetheart deals between multinationals and European Union states.

The European Commission in a 2016 decision said two Irish tax rulings had for more than two decades artificially reduced Apple’s tax burden, which was as low as 0.005% in 2014. The General Court in 2020 said regulators had not met the legal standard to show Apple had enjoyed an unfair advantage.

Apple refuted the Commission’s arguments, saying it had paid its fair share of taxes in the appropriate country. “The profits we are talking about – the profits the Commission said should be attributed to these branches in Ireland – those profits were in fact subject to the U.S. tax regime,” Daniel Beard told the Court. “Apple built up reserves for the payment of those U.S. taxes and is paying around 20 billion euros in tax in the U.S. on those very same profits that the Commission says should have been taxed by Ireland,” he said. “Apple has paid the taxes that were due under the Irish tax code.”

MacDailyNews Take: The EU’s appeal deserves to fail.

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The post Tribunal quashes UK antitrust regulator’s appeal to investigate Apple appeared first on MacDailyNews. The UK’s antitrust regulator was on Wednesday refused permission to appeal against a ruling that it had no power to open an investigation into Apple’s Safari mobile browser and potential barriers to cloud gaming on Apple’s ecosystem.

<a href=https://www.reuters.com/world/uk/uk-antitrust-regulator-refused-permission-appeal-apple-probe-ruling-2023-05-03/”>Reuters:

Apple won an appeal in March against the decision by the Competition and Markets Authority (CMA) to open a full investigation into the dominance of Apple and Alphabet Inc’s Google in mobile browsers.

The Competition Appeal Tribunal quashed the decision to open the investigation and on Wednesday refused the CMA’s application for permission to appeal against that ruling.

MacDailyNews Take: Quashed.

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The post Tribunal quashes UK antitrust regulator’s appeal to investigate Apple appeared first on MacDailyNews.