Image: Xinhua News Agency/PA Images Image: Xinhua News Agency/PA Images MUCH TO THE chagrin of the European Commission, the General Court of the European Union ruled this morning that Ireland will not receive €13 billion in unpaid taxes from Apple.
The Commission could well file an appeal to the European Court of Justice, the highest court within the EU, which could drag the process out further. But, as Richard Curran, presenter of The Business on RTE Radio 1 said this morning, the judgment is “quite a slam dunk” for Ireland and Apple. Earlier this week the Financial Times reported that EU officials were exploring new methods of cracking down on low-tax member states like Ireland, using Article 116 of the 1958 Treaty on the Functioning of the EU.
Because of this principle of ‘unanimity’, individual countries like Ireland can veto efforts to pass such legislation.
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