IRELAND STATE AID TAX CASE SIGNALS TOUGH APPROACH ON COUNTRY-BY-COUNTRY TAXATION
August 1st, 2016
A EUROPEAN Commission ruling that Ireland must recover up to EUR13 billion in back-taxes (plus interest) from Apple has signalled a tough approach from Brussels over alleged European Union (EU) competition law breaches associated with sweet taxation deals by member states. The Commission’s competition directorate general has concluded that having routed most of its EU revenues into two Ireland-registered Apple companies, the IT giant paid between 1% and 0.005% corporate tax on this money between 2003 and 2014, with earnings being moved to the US to fund R&D ...
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