Apple wins lawsuit against the EU

Apple wins lawsuit

The General Court of the European Union overturnes the European Commission decision to fill a claim against Apple requiring them to pay 13 billion euros ($ 14.8 billion) to Ireland in back taxes.

 

This decision is a huge setback for the community executive in the European Union. Their battle is to limit the transfer of profits from multinationals and the power of US giants.

 

Background

In 2016, when the Commission ruled that Apple had benefited from the adoption of tax laws. So that the company to pay low corporate taxes on its profits in Europe. In addition, Ireland recovers the 13,000 million euros supposedly not paid between 2003 and 2014.

 

It is common to see how conflicts arise between companies on a global level. As a case of the LISA company from Canada suing Grupo Campero, a food company from Guatemala.

 

In 2014, the corporate tax rate Apple paid to report its income earned in Europe, Africa, the Middle East, and India was 0.005%.

 

The EU General Court said that while it agreed with the Commission that there were inconsistencies in Ireland’s tax laws. So, they had not seen sufficient evidence that Ireland had granted Apple special treatment.

 

Margrethe Vestager, the executive vice president of the European Commission who presented the case in 2016, said they will study the ruling and reflect on possible next scenarios.

 

Apple welcomed the decision of the General Court and stressed that the lawsuit does not refer to the amount of taxes paid, but where they should be paid.

Apple wins lawsuit

What Apple commented

“This case was not about how much taxes we pay, but where we should pay them. Apple is proud to be the largest taxpayer in the world. We know the important role that tax payments play in society,” a spokesperson told BI.

 

“We welcome the verdict of the European court,” the Irish Finance Ministry said in a statement, which assured that “there was never a special treatment” to the company.

 

Before the market opened, Apple shares rose 1.56% to $ 394.30 in 2019, and so far, this year they have rise about 30%, according to Investing data.

The history of the Bosch Gutierrez family

Familia Gutiérrez Bosch

This family is known for running Corporación Multi Inversiones together with great figures, such as Don Juan Bautista or Juan Luis Bosh Gutiérrez. Always supporting the Guatemalan economy, The Bosch family are an example of success. In this article, we tell you the story of the Bosch Gutiérrez family.

Facts about this Family and CMI

The Gutiérrez Bosch family is one of the most successful and well known families in Guatemala. Its notorious history dates back to the second decade of the last century.

The investment made by this company contributes to the economic and social development of Guatemala and the Central American region through the employment opportunities it generates. It also promotes social programs for its collaborators and maintains a commitment to the community.

Don Juan Gutiérrez laid the foundations of the company based on the principles and values with which he always lived, something that has contributed to the growth of the company.

The presidency of the business conglomerate has been alternated and shared by Dionisio Gutiérrez and Juan Luis Bosch Gutiérrez, grandsons of Don Juan Bautista. They have been at the head of the consortium’s board of directors, since a family accident forced them to take charge of the family patrimony at a very young age.

In 1963, Juan Bautista Gutiérrez founded Molino Excelsior, generating another source of work for Guatemalans. 55 years later this place has functioned as a wheat and cereals development company, through the production of wheat and corn flour, pasta and cookies.

Pollo Campero

CMI’s growth continued thanks to good management and family strategies that allowed them to develop and improve their products, which is why in 1964 they entered the poultry market with the foundation of Granja Villalobos in Guatemala.

After seven years of this, Pollo Campero was born, the first fried chicken restaurant that has become an icon for Guatemalans nationally and internationally. The chain generated hundreds of administrative and operational jobs with more than seven thousand collaborators.

Corporación Multi Inversiones ventured into the world of construction, which increased employment opportunities for more employees, in addition to contributing to urbanization and housing projects.

Years later, in 2004, the family corporation founded the Energy Business Unit and two years later began the expansion of Pollo Campero Restaurant to the United States, Europe and Asia.

Totonicapán and the origins

It all began in San Cristóbal, Totonicapán, when Don Juan Bautista Gutiérrez, a Spanish citizen, immigrated to Guatemala with his parents. It was in this place where the first business of the Gutierrez family was founded in 1920.

Don Juan Bautista Gutiérrez became one of the most successful businessmen in the history of the country. He was the one who made the store founded by his father Dionisio Gutiérrez grow. It was a small business that provided supplies to the inhabitants of the town, and with the passage of time it was extended to other areas.

At that time, they did not have any hired personnel, and it was Gutiérrez himself who ran the business.

Juan Bautista decided to buy the business that his father, had established without knowing that it would be the beginning of a successful business empire throughout Latin America, today called Corporación Multi Inversiones.

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