EU Court To Decide Today If Apple Owes $15B In Irish Back Taxes

欧盟法院今日裁定苹果是否欠爱尔兰150亿美元补缴税款

2020/07/14 21:47  Benzinga Staff Writer

European Union competition regulators are expected to give a ruling Wednesday on whether Apple Inc (NASDAQ: AAPL) needs to pay $15 billion in Irish back taxes as part of the bloc’s crusade against sweetheart tax deals. What Happened

The European Commission had determined four years ago that Apple benefited from illegal state assistance under the guise of two Irish tax rulings that brought down its tax burden for 20 years to as low as 0.005% in 2014, Reuters reported.

A legal defeat for EU’s competition authorities could affect pending cases against companies such as Ikea and Nike Inc (NYSE: NKE), which have tax deals with the Netherlands, and Huhtamaki, a Finnish food packaging company, which has one with Luxembourg. Why It Matters

The EU Competition Commissioner Margrethe Vestager made tax compliance a focal area of her tenure, but oversaw a defeat against Starbucks Corporation (NASDAQ: SBUX) in court last year as her demand for over $34 million in Dutch back taxes was rejected by the same court, Reuters reported.

The case is also important for Ireland, which is a co-litigant alongside Apple.

The government of Ireland is seeking to protect its status as a low tax regime, which has attracted lucrative foreign investment in technology, finance, and pharmaceutical industries.

Apple is likely to be able to weather an adverse decision by the court, with cash reserves exceeding $190 billion at the end of the current fiscal year’s second quarter.

The defeated parties can appeal Wednesday's ruling at the block's highest judicial authority, the EU Court of Justice. Price Action

On Tuesday, Apple shares traded 0.74% higher at $391.12 in the after-hours session after closing the regular session 1.65% higher at $388.23.

欧盟竞争监管机构预计将于周三就苹果公司(纳斯达克股票代码:AAPL)是否需要向爱尔兰补缴150亿美元税款做出裁决,作为欧盟反对甜蜜税收协议的一部分。怎么了

据路透社报道,欧盟委员会四年前认定,苹果公司在爱尔兰两项税收裁决的幌子下,从非法的国家援助中获益,这两项裁决将苹果公司20年的税负降至2014年的0.005%。

欧盟竞争主管部门的法律失败可能会影响到针对宜家(Ikea)和耐克(Nike Inc)(纽约证券交易所代码:NKE)等公司的悬而未决的案件,这两家公司与荷兰有税收协议,而芬兰食品包装公司Huhtamaki与卢森堡有税收协议。为什么重要

据路透社报道,欧盟竞争事务专员玛格丽特·维斯特格(Margrethe Vestager)将税收合规作为其任期内的一个重点领域,但去年在法庭上输给了星巴克公司(NASDAQ:SBUX),因为她提出的超过3400万美元的荷兰补缴税款要求被同一法院驳回。

此案对爱尔兰也很重要,爱尔兰与苹果是共同诉讼人。

爱尔兰政府正在寻求保护其低税收制度的地位,这一制度吸引了技术、金融和制药行业的有利可图的外国投资。

苹果很可能能够经受住法院的不利裁决,在本财年第二季度末,苹果的现金储备超过1,900亿美元。

被击败的各方可以向该区块的最高司法机构-欧盟法院(European Court Of Justice)上诉周三的裁决。价格操作

周二,苹果股价在盘后交易时段上涨0.74%,至391.12美元,常规交易时段收盘上涨1.65%,至388.23美元。

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