Contact Us

+350 20079000 info@hassans.gi

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy
| 1 minute read

An Apple a Day...Keeping the EU Commission at Bay

The General Court of the European Union ("GCEU") have annulled the European Commission's decision regarding the Irish tax rulings in favour of Apple on the basis of their believing that the Commission failed to show "to the requisite legal standard" that Apple enjoyed preferential treatment comprising illegal State aid.

Whilst the GCEU's decision shall no doubt be appealed by the Commission, one of the interesting points of the ruling is that it may represent a tacit acceptance that the EU cannot simply usurp national sovereignty (including on tax laws) in order to re-write laws in line with how they would desire these to be drafted and observed. 

In the context of the OECD's Pillar 1 and Pillar 2 continuing (to some extent recently stunted) efforts, this decision may mark a potential point of inflection in respect of the materialising of changes regarding how an MNE's income tax payments may be split between different countries, which clearly requires a global approach and consensus solution in order to achieve the necessary 'buy-in' from all relevant players to provide for its acceptance and abidance. 

Apple and Ireland have won their appeal against the European Commission's €13.1bn tax ruling. www.rte.ie/...

Top-ranked in all practice areas in Legal 500 EMEA 2024

Hassans is pleased to announce that it has once again achieved top tier rankings in all areas covered by Legal 500 EMEA for Gibraltar....

Posted on
Read more

Latest Insights

The Gulf-Rock Crypto Fund Solution.

Gibraltar’s innovative and flexible crypto hedge funds regime needs to be considered by Dubai based managers and entrepreneurs when...

Posted on
Read more

Gibraltar “Super Lawyer” deep dives crypto investment fund formation secrets.

I was delighted to join Dubai's Gordon Einstein on his show last week ahead of my trip to Token2049 Dubai – apparently a rare occasion...

Posted on
Read more

Gibraltar, UK, EU and Spain edge closer to a treaty in historic meeting

Today, at the European Commission, a quadrilateral meeting at political level of all parties to the negotiation over a treaty relating to...

Posted on
Read more