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EC's Vestager Defends Apple Ruling in Irish Tax Case

The European Commission's top antitrust enforcer on Friday defended the regulator's ruling against Apple (AAPL) and use of the European Union's state aid rules to go after corporate tax dodgers.

"Giving a specific tax treatment to a particular company gives that company a benefit just as surely as if it had been handed a bundle of cash," Margrethe Vestager, the EC's competition commissioner, said in a speech in Copenhagen. "So the state aid rules apply to tax exemptions just as much as to any other...