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Apple wins appeal against $15 billion EU tax bill

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Apple has won its appeal against a European Commission ruling that it owed Ireland €13 billion ($14.9 billion) in taxes.
London (CNN Business)Apple has won its appeal against a European Commission ruling that it owed Ireland €13 billion ($14.9 billion) in taxes.
The European Union’s second highest court ruled Wednesday that the Commission had not proven that the company had received illegal state aid from Ireland through favorable tax agreements.
The European Commission — Europe’s top antitrust authority — said in 2016 that the Irish government had granted Apple(AAPL) an illegal advantage by helping the iPhone maker keep its tax bill artificially low for more than 20 years.
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But Ireland didn’t want the money. The small country became the European base for companies such as Apple, Google(GOOGL) and Facebook(FB) because it has one of the lowest corporate tax rates in Europe.

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