Economy

European Union takes Ireland to court over $15bn Apple back taxes

European Union takes Ireland to court over $15bn Apple back taxes”

"But member states need to make sufficient progress to restore competition".

The issue is complicated by the fact that Ireland doesn't actually want Apple to pay the money, since it might discourage other multinationals from setting up shop there.

The decision to take Ireland to court was made after Ireland failed to make any significant progress in the acquisition of these back taxes.

The European Commission has referred Ireland to the Court of Justice over its failure to recover illegal tax benefits from Apple worth up to €13bn (£11.5bn).

Ireland's Department of Finance, in a statement, said it has never accepted the European Commission's analysis of the Apple arrangement.

According to the Financial Times, EU competition commissioner Margrethe Vestager is expected to announce a recovery order against Amazon later today. Why? "However, we have always been clear that the Government is fully committed to ensuring that recovery of the alleged Apple state aid takes place without delay and has committed significant resources to ensuring this is achieved". In the other state aid cases recovery has been made, in the Fiat case, in the Starbucks case.

It required that illegal aid be recovered - something that the European Commission says has not been done.

Europe's top anti-trust authority - ruled in 2016 that the Irish government had granted illegal aid to Apple by helping the iPhone maker keep its tax bill artificially low for more than 20 years.

In addition, Ireland is being taken to court for its failings in collecting tax from Apple, which, in Europe, calls the nation home.

There are suspicions that Dublin is deliberately stalling the process whilst it formulates an appeal to the ruling, which it may launch in conjunction with Luxembourg.

Both Apple and Ireland have appealed the decision, which was laid down on behalf of the Commission by European Union competition commissioner Margrethe Vestager. Mr Juncker has denied all knowledge of such a deal and any wrongdoing.

Ireland's government said it was "extremely disappointing" that the Commission has chose to refer the case to court.

Ireland is extremely sensitive over any tax decisions taken at European Union level given its economy relies heavily on a proliferation of big multinations based there to take advantage of a low corporation tax rate.



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