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By *ercury OP Man
over a year ago
Grantham |
News comes that the EU Commision has lost its case against Apple.
They had claimed that Apple had been given preferential tax rates in Ireland, and in doing so, had avoided some 13 billion Euros in tax.
The EU General Court found in Apple's favour, which means that Ireland will not receive the above sum. Which in anyone's language, would have been a tidy revenue contribution.
The EU Commision could yet appeal to the EU Supreme Court.
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By (user no longer on site)
over a year ago
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If we had “lost” the case
We would have been “awarded” the €14.5bn and then awaited a sea of claims from the other 26 plus the uk making the argument rightfully,that the tax should be rebated back to country in which the sale originated.
Ireland inc would probably then be entitled to around €300m gross not including the amount that would have to be spent on legal fees dealing with the various claims from the other EU countries,bad blood between neighbors,our reputational damage in terms of FDI and upheaval in our corporation tax regime.
The only regret I’d have is that we didn’t lodge it somewhere we could claim interest on it for the duration of the case as opposed to an escrow account |
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By (user no longer on site)
over a year ago
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God people are talking some sh*te here.
This was to do with a deal between the Irish
Government & Apple to Build the biggest data centre
For Apple outside of the.U.S & China.
The tax sweetner deal was very underhand but
Almost lead to a massive boost for the country
In terms of jobs.
A billion pound investment was lost .
It started over planning challenges &
then it became about tax .
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1IB0XT
Ireland were found not guilty of
Giving Apple illegal state aid |
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By (user no longer on site)
over a year ago
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"Europe’s second-highest court ruled on Wednesday that the Republic did not give Apple illegal state aid, overturning a European Commission decision four years’ ago that the iPhone maker owed Revenue €13.1 billion in back taxes ".
https://www.google.com/amp/s/www.irishtimes.com/business/economy/ireland-wins-appeal-in-13-billion-apple-tax-case-1.4305044%3fmode=amp |
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By (user no longer on site)
over a year ago
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"God people are talking some sh*te here.
This was to do with a deal between the Irish
Government & Apple to Build the biggest data centre
For Apple outside of the.U.S & China.
The tax sweetner deal was very underhand but
Almost lead to a massive boost for the country
In terms of jobs.
A billion pound investment was lost .
It started over planning challenges &
then it became about tax .
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1IB0XT
Ireland were found not guilty of
Giving Apple illegal state aid "
Data center was a separate issue |
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By *eroy1000Man
over a year ago
milton keynes |
I'm sure I read on the BBC earlier today it was in connection to Apple's HQ that existed on paper only. Apparently Ireland's tax regime was more attractive hence basing their theoretical HQ there. Surely Ireland must have been within the rules to allow it to happen given they have to answer to the EU |
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