EUROPEAN COMMISSION’S RULING OVERTURNED; APPLE WINS TAX BILL CASE WORTH 13 BILLION EUROS

Highlights: 

• Apple wins its 2016 tax bill case against the European Commission
• The Tax bill was worth 13 billion Euros 

2016, the European Commission ruled that Apple Inc had to pay Ireland over 13 billion euros in taxes. It was alleged that Ireland has been doling out illegal favours in taxes to Apple. This ruling of the European Commission was overturned by the EU General Court on Wedn....