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☆ Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple
▼ + stars: | 2024-09-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesA landmark ruling from the European Union's top court means Ireland will receive 13 billion euros ($14.4 billion) in unpaid taxes from Apple — a windfall that Dublin had spent several years fighting to avoid. In a decision the European Court of Justice (ECJ) said was final, the EU's top court on Tuesday ruled that Apple must pay Ireland billions of euros in back taxes. For years, Ireland consistently argued that the iPhone maker should not have to repay unpaid taxes to the country. The decision comes at a time when Ireland is in the unusual position of running a budget surplus of several billion euros, partly due to the strength of corporate tax receipts. Shoppers and staff are seen inside the Apple Store, with its sleek modern interior design and prominent Apple logo on September 10, 2024 in Chongqing, China.

Persons: ECJ, Margrethe Vestager, Apple, Johanna Geron, Aidan Regan, there's, Simon Harris, Sir Keir Starmer, Brian Lawless, Robert Dever, Dever, Alex Cobham, Cobham, Cheng Xin Organizations: Bloomberg, Getty, Apple, Court of Justice, European Union, Reuters, Irish, University College Dublin, CNBC, Ireland's Finance Ministry, Ireland, U.S, England, Masons, Tax Justice Network, UN, Shoppers Locations: Wicklow, Dublin, Ireland, Brussels, Belgium, Farmleigh, Republic of Ireland, Chongqing, China

☆ Google's 2.4 billion euro fine upheld by Europe's top court in EU antitrust probe
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

The European Union flag is seen with Google's logo. Europe's top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. The fine stems from an antitrust investigation by the European Commission, the executive arm of the European Union, which concluded in 2017. Google appealed the decision with the General Court, the EU's second-highest court, which also upheld the fine. Google then brought the case before the European Court of Justice (ECJ), the EU's top court.

Organizations: European Union, Google, CNBC, European Commission, Court of Justice

☆ Apple just lost a decadelong EU tax case. Now it must pay $14 billion.
▼ + stars: | 2024-09-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

The EU's top court ruled Apple must pay over €13 billion in back taxes. The European Court of Justice's decision ends a decadelong legal battle with the tech giant. EU competition chief Margrethe Vestager argued Apple received unfair tax breaks from Ireland. AdvertisementThe EU's top court just dealt Apple a major blow, ruling that the tech giant must pay more than €13 billion (about $14 billion) in back taxes. The European Court of Justice (ECJ) ruled that Apple must pay the taxes to the Irish government, ending a decadelong legal battle.

Persons: Margrethe Vestager, Apple, — Organizations: Apple, Service, of Justice, European Commission, Business Locations: EU, Ireland

☆ Soccer union launches legal action against FIFA over fixture congestion
▼ + stars: | 2024-06-13 | by ( Sammy Mncwabe | Samuel Joseph | ) edition.cnn.com time to read: +5 min

CNN —FIFA is facing a legal challenge over the world governing body’s “unilateral” decision to set the international match calendar – notably an expanded 32-team FIFA Club World Cup – unions representing soccer players said in a statement on Thursday. CNN has reached out to FIFA for comment on the legal action. As their union, we have a duty to intervene and to enforce their legal rights as employees. Manchester City lift the Club World Cup trophy in 2023 - the competition is set to expand from seven teams to 32 in 2025. Francois Nel/Getty ImagesIn addition to the larger Club World Cup, all three European club competitions will be expanded to 36 teams for the 2024/2025 season.

Persons: –, ”, David Terrier, “ It’s, Maheta Molango, “, Molango, Gianni Infantino, ” Infantino, Francois Nel, Vinícius Júnior, Ballon d’Or, Ronaldinho, Vinícius Jr, Jude Bellingham, Wayne Rooney –, David Beckham Organizations: CNN, FIFA, FIFA Club, English, ’ Association, des, FIFPRO, European Court of Justice, of Fundamental, Commerce, PFA, World League, of Football, FIFA Congress, Manchester City, Champions League, Europa League, Conference League, Manchester United Locations: FIFPRO Europe, Europe, United States, Brussels, FIFPRO, Bangkok, Manchester, Real Madrid, Brazil, Madrid, England, Bellingham

☆ Apple’s fight against a $14 billion EU tax bill suffers a setback
▼ + stars: | 2023-11-09 | by ( ) edition.cnn.com time to read: +3 min

But Advocate General Giovanni Pitruzzella at the European Court of Justice (ECJ) — the EU’s highest court — disagreed, saying judges should set aside the General Court ruling and refer the case back to the lower tribunal. “The judgment of the General Court on ‘tax rulings’ adopted by Ireland in relation to Apple should be set aside,” he said in a non-binding opinion. He said the General Court had committed a series of errors in law. “It is therefore necessary for the General Court to carry out a new assessment,” Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a €700 million ($749 million) Belgian tax scheme for 55 multinationals.

Persons: Margrethe Vestager, Apple, Giovanni Pitruzzella, —, ”, ” Pitruzzella, Michael McGrath, Court’s, Vestager Organizations: Apple, European Commission, European Court of Justice, Justice, Court, Ireland, Dublin, Stellantis, Starbucks, Belgian Locations: Luxembourg, Ireland

LONDON (AP) — Apple might end up on the hook after all for billions of euros in back taxes to Ireland in the latest twist in a longrunning European Union dispute, following a legal opinion Thursday from an adviser to the bloc's top court. The ECJ's opinions aren’t legally binding, but are often followed by the court. The Court of Justice is expected to come up with its legally binding decision next year. “We thank the court for its time and ongoing consideration in this case," Apple said in a prepared statement. "The General Court’s ruling was very clear that Apple received no selective advantage and no State aid, and we believe that should be upheld.”The European Commission declined to comment.

Persons: Giovanni Pitruzzella, Tim Cook, Donald Trump, Margrethe Vestager, ”, Pitruzzella, “, Apple, Court’s Organizations: European Court of Justice, Apple, ”, European Commission, Court of Justice, European Locations: Ireland, European, U.S

☆ Illumina to divest Grail within a year if it does not win challenge in EU court
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Companies Grail Inc FollowIllumina Inc FollowOct 13 (Reuters) - Illumina (ILMN.O) said on Friday it would divest cancer test maker Grail (GRAL.O) in 12 months, according to the terms of the European Commission's order, if the life sciences company does not win its challenge in court. EU antitrust regulators on Thursday ordered Illumina to divest Grail, after it completed the deal before securing their approval. The San Diego-based genetic testing company last year challenged the EU watchdog saying it does not have jurisdiction over the acquisition of Grail. But if it is not successful with either its ECJ jurisdictional appeal or in a final decision of the U.S. Fifth Circuit Court of Appeals, Illumina will divest Grail. Illumina had in June appealed against the order by the Federal Trade Commission, which enforces antitrust law in the U.S., to divest Grail.

Persons: Illumina, it's, Sriparna Roy, Shilpi Majumdar Organizations: Illumina, European Court of Justice, U.S, Fifth, Appeals, Federal Trade Commission, Thomson Locations: San Diego, U.S, Bengaluru

☆ Explainer: What is the Northern Ireland protocol?
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +5 min

[1/3] A truck parked beside a 'money changed' sign is seen on the border between Northern Ireland and the Republic of Ireland near Jonesborough, Northern Ireland, October 13, 2021. WHAT IS THE NORTHERN IRELAND PROTOCOL? Northern Ireland also remains part of the UK's customs territory, effectively creating a customs border in the sea between Britain and Northern Ireland. The protocol specifies those EU regulations and directives with which Northern Ireland must remain aligned, and means new EU acts may be added to those that apply in Northern Ireland. The Northern Ireland Protocol bill, if passed by parliament, would give the British government the power to unilaterally decide to all but renege on the agreement.

☆ Explainer: Talks on post-Brexit Northern Ireland trade edge closer to deal
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +5 min

WHAT IS THE NORTHERN IRELAND PROTOCOL? Northern Ireland also remains part of the UK's customs territory. That effectively created a customs border in the sea between Britain and Northern Ireland, which pro-British communities say erodes their place within the UK. The Democratic Unionist Party (DUP), Northern Ireland's biggest unionist party, also says the province should not have to follow laws without having a say. According to so-called dynamic alignment, this also means that any new EU acts may also be added to those that apply in Northern Ireland.

☆ Britain's Sunak touts EU protocol progress in Northern Ireland, no deal yet
▼ + stars: | 2023-02-17 | by ( Amanda Ferguson | ) www.reuters.com time to read: +5 min

After weeks of intense London-Brussels talks, momentum has been building towards a deal to revise the Northern Ireland Protocol - the arrangements agreed to avoid a hard border with EU member Ireland when Britain exited the EU in 2020. "I had positive conversations with political parties in Northern Ireland," Prime Minister Rishi Sunak told reporters. In Belfast, Sunak focused his attention on the Democratic Unionist Party, whose opposition to the protocol must be overcome to make any deal work. The other political parties that met Sunak on Friday said detail from the prime minister on a potential deal was "scant". Sinn Fein, the former political wing of the militant Irish Republican Army that wants Northern Ireland to split from the UK and unite with Ireland, became the province's largest party for the first time at elections last year.

☆ UK and EU reach post-Brexit customs deal for N.Ireland-The Times
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A 'no entry' sign is seen near the Stormont Parliament Buildings in Belfast, Northern Ireland June 13, 2022. The EU has accepted a plan that would avoid the need for routine checks on products going into Northern Ireland, the newspaper reported on Tuesday. Both sides were also hammering out details of a veterinary checks deal, The Times said. A UK government spokesperson said its priority is to protect the Belfast (Good Friday) Agreement and to preserve political stability in Northern Ireland and the UK internal market. After months of tensions between London, Brussels, Belfast and Dublin, progress has recently been made in the dispute over the Northern Ireland Protocol.

☆ Russia's settlement depository demands EU sanctions be recognised as unlawful
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe NSD filed a lawsuit at the European Court of Justice in Luxembourg on Aug. 12, but gave no further details. The EU sanctions on the NSD, as well as other Western measures aimed at restricting Russia's access to global financial infrastructure, have blocked many Russian investors' access to securities held in jurisdictions outside Russia. The NSD said that sanctions had been imposed based on "unsubstantiated" facts and that the Council had "failed to meet the required standard of proof", making the sanctions unlawful. Russian Eurobond issuers have started issuing securities to replace those stuck abroad due to sanctions imposed on Moscow for what it calls a "special military operation" in Ukraine. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elena Fabrichnaya and Alexander Marrow, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

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