Apple finalizes its €14.25B ($16.5B) back-tax payment to Ireland, concluding a nine-year legal battle with the EU over claims of illegal state aid.

Why it matters: The ruling means Apple will be forced to pay Ireland up to €13 billion ($14.4 billion) in back taxes and represents the latest setback in Europe for the tech giant.

The combined bill of 15.4 billion euro ($17 billion) facing Apple and Alphabet, Google's parent company, represents 0.3% of their combined market value of 4.73 trillion euro ($5.2 trillion).

The News Fix. Pay up, Apple. While CEO Tim Cook was hawking a new $1,000 phone, Europe hit Apple with a multibillion-dollar tax bill. The European Union’s highest court ordered Apple to pay ...

Apple Inc. lost its court fight over a €13 billion ($14.4 billion) Irish tax bill, in a boost to the European Union’s crackdown on special deals doled out by nations to big companies. The E.U ...

Ireland had fought the EU back-tax bill alongside Apple since 2016, seeking to defend its position as the location of choice for U.S. multinationals in Europe - and the billions of euros in direct ...

Ireland recorded a budget surplus of around 7% of modified gross national income in 2024, mainly due to most of a 14 billion-euro ($14.5 billion) back tax bill paid by Apple, according to Reuters..

Ireland will dedicate the nearly €14 billion ($15.6 billion) tax bill it’s receiving from a recent Apple Inc. court ruling for housing, energy and water infrastructure, Irish Prime Minister ...

Apple AAPL0.52%increase; green up pointing triangle and Alphabet’s GOOGL 0.50%increase; green up pointing triangle Google lost attempts to overturn multibillion-dollar rulings in the European ...