'Apple Risks Losing $14B In Tax At Top EU Court' - LiveMint
Portfolio Pulse from Benzinga Newsdesk
Apple Inc. is at risk of losing $14 billion in a tax case at the top European Union (EU) court. An adviser to the court stated that the EU tribunal made legal errors when it ruled in favor of Apple over the tax order and recommended the case be reviewed. The EU had previously claimed that Apple benefited from two Irish tax rulings that artificially reduced its tax burden. The final ruling from the EU Court of Justice is expected in the coming months.
November 09, 2023 | 2:33 pm
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Apple Inc. could potentially lose $14 billion in a tax case at the top EU court. The final ruling is expected in the coming months, which could impact Apple's financials.
The potential loss of $14 billion in a tax case is a significant financial risk for Apple. If the court rules against Apple, it could have a substantial impact on the company's financials, which could negatively affect its stock price in the short term.
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