Apple in danger, 13 billion euros for tax fraud at stake

Apple prepares for its biggest event of the year: the keynoteThe start of the school year takes place this Monday, September 9 at 7 p.m. French time. Between the iPhone 16, the AirPods 4 or the Apple Watch Series 10, fans of the Apple brand's products should be amazed. However, another equally important deadline awaits Apple from this Tuesday, September 10. The American manufacturer could be sentenced topay 13 billion euros because of a nearly 10-year-old dispute with the European Commission.

Apple could permanently lose 13 billion euros this Tuesday

In 2016, the European Commission ordered Apple to pay 13 billion euros to the Irish tax authorities due to favorable tax treatment the company benefited from between 2003 and 2014. An agreement between Apple and Ireland allowed the The company is creating two subsidiaries within the same company, rather than two separate companies, in order to take advantage of a loophole in the tax system known as "double Irish".Enough to allow it to save 13 billion euros over this period.

In 2016, the investigation by the European Commissioner responsible for competition, Margrethe Vestager, judged the procedure to be illegal, putting Ireland and Apple up against the wall. The European Commission then considered that Irish laws had specifically favored the apple brand,but she was unsuccessful following the Irish government's appeal to the EU General Court.

Even if Apple agreed to sequester the 13 billion euros requested by Brussels, it was then the turn of the European Commission to appeal the court's decision to the Court of Justice of the European Union (CJEU). , the last instance in legal disputes.

She must therefore make her decision this Tuesday, September 10in this affair which lasted more than eight years. The losing party would most likely have to appeal and prolong this endless soap opera.

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By : Keleops AG