Fiscal aid

Apple, Arm's length principle, European Commission, European Court of Justice, Fiscal aid, Ireland, State aid, Taxation

(Cleary Gottlieb Steen & Hamilton LLP)/ /Leave a comment

Background On July 15, 2020, the General Court annulled the 2016 Commission Decision ordering Ireland to recover EUR 13 billion of illegal State aid from Apple,[1] chiefly, because the Commission had not demonstrated to the requisite legal standard that an advantage had been granted.[2] On the same day, the Commission’s Executive Vice-President M. Vestager released…

Apple, Competition law, Fiscal aid, Ireland, State aid, Taxation, Vestager

(Athens Law School)/ /Leave a comment

Some cases just have it all; the Apple case is one of them. First, size: at more than thirteen billion euros, the recovery order Ireland had to enforce dwarfed the previously biggest one (EDF, at around one billion euros). Second, international political implications: the case ignited transatlantic tensions between the EU and the USA, both…