Thunderclap in Luxembourg. The General Court of the European Union (EGC) has annulled the European Commission’s decision ordering Ireland to recover €13 billion in tax benefits from Apple, on Wednesday 15 July, on the grounds that the institution was unable to show that these benefits were the result of illegal State Aid granted to the US multinational (Cases T-778/16 and T-892/16).
In its decision adopted in August 2016 (see EUROPE B11612A1), the Commission found that two Irish tax...