Time: 2024-10-18
Apple CEO Tim Cook recently reach out to former US President Donald Trump to discus the heavy fine enforce on Apple by the European Union. Trump uncover during his appearance on the PBD Podcast that Cook had reach him to address the issue, state that the EU had ticket Apple a sum of 7 to 8 billion. The fine were a consequence of the EU's findings that Apple had use its laterality to restrict music cyclosis apps from offer cheap subscription deal outside of the App Store. In addition, the EU also demand that Apple wage 4.4 billion in unpaid taxes.
Trump express his support for Apple, mention that he would not let the EU to return advantage of American company like Apple if he were to be reelect. Cook explain to Trump that the EU was exploitation the fine to run their enterprise, bespeak that Europe was their primary focus. Despite the significant fine enforce on Apple, Trump guarantee Cook that he would address the matter once he was back in office.
The Legal Battle confront by technical_school giant like Google and Apple in the EU have result in significant fiscal reverse. Apple was order to wage a stagger 13 billion euro tax bill to Ireland, following accusation of receive illegal tax benefit from the state for over two decade. The European Court of Justice continue the European Commission's decision, emphasizing that Ireland must recover the improper aid allow to Apple.
The case against Apple originate in 2014 when the European Commission originate an probe into Apple's tax agreement in Ireland. Despite initial entreaty in their favor, the EU General Court ultimately govern against Apple and Ireland, lead to the Holocene verdict by the ECJ in favor of the Commission. These legal challenge have raise concern about the operations of technical_school company in the region, affect their fiscal standing and future strategies.
The ongoing dispute between Apple, the European Union, and assorted regulative body highlight the complexity of International business operations. As technology company face increase examination and legal challenge, their ability to voyage the evolve regulative landscape will be critical for their prolong success and growth in the global market.