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10/2/2020, 10:06 AM (Source: TeleTrader)
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Vestager: Court wrong in Apple tax case

The European Union's General Court was wrong in the decision to side with Apple Inc. on back taxes in Ireland, European Commissioner for Competition Margrethe Vestager said at an online event on Friday.

Vestager stated that technology companies need to "pay their fair share" of taxes. She also added that Europe must promote inclusive policies and help citizens develop their digital skills to become a digital leader.

A week ago, the EU appealed the Apple tax ruling of the General Court which annulled demands from Brussels that the US tech giant pays €13 billion in taxes.

Breaking the News / VP