• Home
  • Apple
  • News
  • Irish Government to File Appeal of EU’s $14.5B Apple Tax Ruling on Wednesday

Irish Government to File Appeal of EU’s $14.5B Apple Tax Ruling on Wednesday

Irish Government to File Appeal of EU’s $14.5B Apple Tax Ruling on Wednesday

Ireland’s Finance Minister Michael Noonan announced on Tuesday that the Irish government will formally submit its appeal of the European Commission’s Apple tax ruling on Wednesday.

Irish Government to File Appeal of EU's $14.5B Apple Tax Ruling on Wednesday

AppleInsider:

“The government fundamentally disagrees with the European Commission’s analysis and the decision left no choice but to take an appeal to the European Courts and this will be submitted tomorrow,” Reuters quoted Noonan as telling a European Parliament committee in Brussels.

Following a lengthy investigation, the European Commission recently ordered Ireland to collect $14.5 billion in back taxes from Apple. Ireland has been accused of offering preferential tax deals to companies such as Apple, which would constitute illegal state aid under European law. The EC found that Apple took advantage of the Irish tax situation to funnel billions in foreign income through the country, avoiding tax bills in other countries.

Ireland is fighting the EU’s decision, even though the country would of course benefit from an influx of tax revenue. Irish officials fear the decision could scare away other companies who may be considering basing their international operations in the country, losing much-needed jobs for the Irish economy.

Apple is also appealing the ruling, saying it follows the laws as they are written, and pays what it owes according to those laws.

Ireland is not the only European country facing tax rulings such as the one concerning Apple, as Belgium, the Netherlands, and Luxembourg have also had similar finding brought against them for their tax deals with companies like Starbucks and Fiat Chrysler. Those countries are also appealing the rulings, which can be a long, drawn out process, taking several years before a resolution is reached.

  1. canik tp9 says:

    345984 758397Keep websiteing stuff like this I really am fond of it 134105

  2. 648307 367550Immigration Lawyers […]the time to read or go to the content material or sites we have linked to below the[…] 950802

  3. 866096 154146My brother suggested I would possibly like this blog. He was once entirely proper. This submit in fact created my day. You cant believe just how so significantly time I had spent for this details! Thank you! 167994

  4. 184584 524969You got a very fantastic website, Glad I observed it by way of yahoo. 287959

  5. 489903 539210I recognize there is certainly a great deal of spam on this blog. Do you want support cleansing them up? I could help in between classes! 71106

  6. 693573 953677Extremely intriguing info !Perfect just what I was looking for! 339434

  7. 360160 181591you got a very excellent web site, Sword lily I located it through yahoo. 102851

  8. nova88 says:

    470384 907873This really is the proper weblog for anybody who hopes to learn about this topic. You know a entire lot its almost tough to argue along (not that I truly would wantHaHa). You undoubtedly put a entire new spin for a topic thats been written about for years. Great stuff, just amazing! 910744

  9. putas says:

    930908 822057Undoubtedly,Chilly spot! We stumbled on the cover and Im your personal representative. limewire limewire 477188

  10. 990320 861603I believe 1 of your commercials caused my internet browser to resize, you might well want to put that on your blacklist. 854761

Leave a Reply

Your email address will not be published.