Europe’s top court delivered a significant ruling against Apple on Tuesday, concluding the tech giant’s decade-long legal battle over its tax arrangements in Ireland. The case traces back to 2016 when the European Commission ordered Ireland to recover up to 13 billion euros ($14.4 billion) in back taxes from Apple. The European Court of Justice (ECJ) upheld the Commission’s decision, marking a major setback for the company in its ongoing disputes with the European Union. Apple shares dropped by about 1% following the ruling, which coincided with the company’s unveiling of new products, including updates to its iPhone, Apple Watch,…
Friday, January 10
