Apple No Longer Has to Pay EUR 15 B to EU

The European Union’s (EU) General Court has ruled in favor of Apple Inc. in an appeal against the European Commission’s decision in 2016 to impose a fine of EUR 13 billion ($14.9 billion) due to tax evasion, CNBC reported.

The decision was based on the premise that the government of Ireland enabled Apple to pay substantially less taxes than other businesses over many years, however, the court’s ruling was attributed to the European Commission’s failure to prove a preferential treatment by the Irish government to the iPhone manufacturer.