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EU Tax Order: The European Union's General Court in 2020 upheld Apple's challenge, saying that regulators had not met the legal standard to show Apple had enjoyed an unfair advantage.
An EU Court of Justice adviser has ruled that a lower tribunal that sided with Apple in its challenge against a $14 billion EU tax order made a series of legal errors and should review the case again. The case was part of EU antitrust chief Margrethe Vestager's crackdown on deals between multinationals and EU countries deemed unfair state aid.
Hon Hai Precision Industry Co.’s October sales slid, reflecting uncertainty in its business after Beijing launched an investigation into the world’s biggest iPhone assembler.
The probe comes weeks after founder Terry Gou announced his bid for Taiwan’s presidency and stressed that he won’t be pressured by Beijing, despite his extensive business operations in the country.
Mainland Chinese experts have stated that the investigation is a normal part of business operations and all companies undergo tax inspections