US government trying to intervene in Apple’s $14.8B EU tax case

US government trying to intervene in Apple’s $14.8B EU tax case

The US government is trying to intervene on Apple’s behalf in the company’s $14.8 billion EU tax case, Reuters reports. In December, Apple appealed the European Commission’s ruling that it owed Ireland $14.8 billion in back taxes, and now an unnamed source “can confirm the United States filed an application with the European Union General Court to intervene in the case involving the retroactive application of state aid rules to Apple.” At the time of the ruling, the Obama administration claimed the EU was attempting to claim money that should be landing in US coffers instead, and since then the Trump administration has set its sights on creating a tax break that would allow companies to repatriate the estimated $26 trillion sitting in overseas banks. Europe’s second highest court, the General Court based in Luxembourg, is expected to hear the case late next year. Ireland is also backing Apple’s claims that the European Commission’s tax ruling oversteps its authority and is based on faulty math.

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