Apple breathes a $14.9 billion sigh of relief

escaped a record Irish tax bill of 13 billion euro ($14.9 billion) today after a lower European Union court in Luxembourg ruled in favor of the multi-national tech giant. that the ruling can still be appealed by the European Commission. However, the judges might have put the kibosh on any such plans by issuing a rebuke of the EC by pointing out that their case failed to meet the "the requisite legal standard" in an attempt to show that Ireland's tax deal was against the law because it gave Apple an unfair advantage.

Apple dodges a $14.9 billion bullet-for now

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