Apple is hardly breaking a sweat over its €13 billion tax bill, a sum that seems almost insignificant given the company’s vast cash reserves. The tax dispute stems from a European Union investigation into Apple’s favourable tax deals with Ireland, with the EU claiming the tech giant benefited from illegal state aid by paying far less tax than it should have. It's akin to a casino owner complaining about gambling taking place in his own establishment. The ruling, made in 2016 and upheld by the EU General Court in 2020, remains under legal challenge in the European Court of Justice, but the amount at stake remains unchanged.
Apple Faces €13 Billion EUR Tax Bill
As regulatory pressures increase, Apple’s substantial resources allow it to navigate challenges that could cripple smaller competitors.
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