Following this Tuesday morning’s judgment from the Court of Justice of the EU confirming a European Commission decision that Ireland had illegally given Apple tax breaks worth €13 billion, the US multinational has duly informed shareholders of its resulting inflated tax bill. “On September 10, 2024, the ECJ announced that it had set aside the 2020 judgment of the General Court and confirmed the Commission’s 2016 state aid decision. As a result, the company expects to record a one-time income tax charge in its fourth fiscal quarter ending September 28, 2024, of up to approximately $10 billion, which will increase…

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