BRUSSELS/DUBLIN - Apple’s clash with EU competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay 13 billion euros in Irish back taxes, a key part of the EU’s crackdown against sweetheart tax deals.
Defeat for European Competition Commissioner Margrethe Vestager could weaken or delay pending cases against Ikea’s and Nike’s deals with the Netherlands, as well as Huhtamaki’s agreement with Luxembourg. While 14 billion euros - including interest - would go a long way to plugging the coronavirus-shaped hole in the state’s finances, Dublin is seeking to protect a low tax regime that has attracted 250,000 multinational employers.
Wonderful to see a move like this. No capability of pulling any capital from the middle/lower classes so expect lots of nations to go after big corp in the coming decade
Paying 0.005% tax as a major corporation, and the average working man paying how much?
if Ireland is only taxing Apple at 0.05% What is the benefit for them? Just the same as buying jobs costing $15bils A big loot so take it
Don't care
My favorite Irish company.
What How is it illegal?
EU’s strategy. Want to raise some money? let’s sue a US tech company.