Apple drafts in Freshfields as it faces €13bn EU tax bill
Magic circle firm wins mandate to advise US tech giant as it is hit with record tax bill
August 31, 2016 at 11:12 AM
2 minute read
The original version of this story was published on Law.com
Apple has instructed Freshfield Bruckhaus Deringer as the European Commission orders it to pay up to €13bn (£11bn) in back taxes to Ireland, Legal Week understands.
It is understood that Brussels competition partner Andreas von Bonin is part of the firm's team representing Apple.
The EU Commission is turning to its in-house lawyers for advice. Its legal services team is led by director-general Luis Romero Requena.
After a three-year investigation, the EU Commission concluded that Apple's Irish tax benefits are illegal. Under EU law, national tax authorities are not permitted to give tax benefits to selected companies.
The Commission said Ireland enabled Apple to pay a significantly lower corporate tax rate than other businesses. The standard rate of Irish corporation tax is 12.5%. In 2014, Apple paid 0.005% tax on its European profits.
Ireland and Apple both said they disagreed with the ruling and that they would appeal against it.
Michael Noonan, Ireland's finance minister, said in a statement: "I disagree profoundly with the Commission's decision. Our tax system is founded on the strict application of the law without exception."
He continued that appealing the decision is "necessary" in order to "defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation".
It is not the first time that Apple has turned to Freshfields for legal advice. The firm also advised Apple on its unsuccessful design infringement claim against Samsung in 2012. The purpose of the claim was to block sales of Samsung's Galaxy tablet model due to alleged similarities between the two designs.
Freshfields declined to comment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllClifford Chance Under Fire for Human Rights Assessment of Saudi Arabia World Cup Bid
5 minute readThe Week in Data Nov. 7: A Look at Legal Industry Trends by the Numbers
Trump Win Ignites Global Legal Market: Lawyers Prepare for High Demand & Uncertainty
Netflix Offices Raided by Authorities in Paris and Amsterdam
Trending Stories
- 1Akin, Baker Botts, Vinson & Elkins Are First Texas Big Law Firms to Match Milbank Bonuses
- 2Walking a Minute in Your Adversary’s Shoes: Addressing the Issue of 'Naive Realism' at Mediation
- 3The Moving Goalposts of Overtime Exemption: Texas Judge Invalidates 2024 Salary Threshold Rule
- 4New Research Study Predicts Continued Growth for Generative AI in Legal
- 5Litera Acquires Document Automation Startup Office & Dragons
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250