decision

Apple Loses Battle Over €13 Billion Tax Bill in the EU

7 months ago

The tech giant Apple has found itself on the losing end after the decision of the European Union's Supreme Court regarding its tax obligations in Ireland. The court confirmed that the company cannot reclaim the sum of €13 billion, which was imposed by the Irish government following a ruling by the European Commission in 2016. This ruling marked the culmination of a long judicial process that began five years ago when the European Commission declared that Ireland had granted Apple illegal tax benefits, which led to significantly reduced tax payments by the company.

Judge to Decide on Google Antitrust Remedies in August

7 months ago

A judge overseeing the Google antitrust case plans to announce a decision on the remedies in August of the following year. This statement came during hearings discussing potential measures that need to be taken to remedy violations of antitrust laws.

Uncertainty Surrounding Philippine Central Bank's Rate Decision

8 months ago

The recent surge in inflation in the Philippines has put regulators in a difficult position as they consider adjusting interest rates during the upcoming monetary council meeting. Since mid-May 2024, inflation in the country has shown a sharp spike, which may require the central bank to tighten monetary policy. However, this decision is complicated by factors supporting economic growth.