The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

QCOM 173.20

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Jon Koplik

Lance Bredvold

To: Jon Koplik who wrote (12024)	5/23/2023 10:45:54 AM
From: Another John	2 Recommendations of 12231

LUXEMBOURG, May 23 (Reuters) - EU competition regulators appealed to the bloc's highest court on Tuesday to override a lower tribunal and make Apple (AAPL.O) pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager's campaign against sweetheart deals between multinationals and European Union states. "Its outcome will determine whether member states may continue to grant multinational substantial tax breaks in return for jobs and investments," Commission lawyer Paul-John Loewenthal told the Court of Justice of the European Union (CJEU). The European Commission in a 2016 decision said two Irish tax rulings had for more than two decades artificially reduced Apple's tax burden, which was as low as 0.005% in 2014. The General Court in 2020 said regulators had not met the legal standard to show Apple had enjoyed an unfair advantage.

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