Apple fights major court battle over "phantoms"

Jamie McKane

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Apple fights major court battle over "phantoms"

Apple Inc. sought to rebut claims by the European Commission that Irish units at the center of its fight to overturn a record 13 billion-euro ($14.3 billion) tax bill are nothing but phantoms.

Judges weighing Apple’s legal challenge on day two of a hearing at the EU’s General Court homed in on the exact functioning of the Irish branches that allowed Apple revenues to be covered by a national tax deal labeled as illegal by regulators.

[Bloomberg]
 
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