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Taxes

Kimberly Redmond | Equities.com |

The European Commission plans to appeal Apple Inc’s (Nasdaq: AAPL) victory in a $13 billion euro ($15.8 billion) tax dispute, saying the European Union’s General Court made legal errors when it ruled the tech giant’s business in the Republic of Ireland was not on the hook for back taxes.

In a filing for appeal released Monday, the EU said it will challenge a July 2020 ruling, which rejected arguments that Apple struck an illegal tax deal with Irish officials, giving the company an unfair tax advantage.  


Reuters | Equities.com |

Manhattan prosecutor can obtain Trump's tax returns, court rules

By Jonathan Stempel

4 MIN READ

NEW YORK (Reuters) - A federal appeals court on Wednesday said Manhattan’s district attorney can enforce a subpoena seeking Donald Trump’s tax returns and other financial records for a criminal probe into the U.S. president and his businesses.

FILE PHOTO: Manhattan District Attorney Cyrus R. Vance Jr. speaks during a news conference in New York City, U.S., September 25, ...


Reuters | Equities.com |

EU antitrust chief Margrethe Vestager on Friday appealed a court ruling dismissing her order to iPhone maker Apple to pay 13 billion euros ($15 billion) in Irish back taxes, a landmark case in the European Commission’s crackdown against sweetheart tax deals.

The Luxembourg-based General Court in July scrapped the Commission’s 2016 ruling, saying that EU competition enforcers had not met the requisite legal standard to show that Apple had enjoyed an unfair advantage.