Top EU court rules Apple owes Ireland over $14B in back taxes.
Top EU court rules Apple owes Ireland over $14B in back taxes.
The court concluded Ireland illegally cut the tech company a preferential tax deal, after Paradise Papers revealed major tax advantages.
What’s funny to me is Ireland wasn’t trying to collect these taxes, the European Commission decided that the Irish taxes were too low and amounted to an illegal subsidy.
i heard recently in a podcast apparently ireland doesnt want this money for some reason i think as it would be a disincentive for other companies setting up there
Yeah, same situation when the Irish DPA refuses to fine Facebook for violating the GDPR so the EU has to step in and force them to fine Facebook and thus collect all the money.
Ireland systematically trying to make the EU a race to the bottom is hilarious /s
"Okay, I guess I'll take it"
Ireland, probably
They'll probably try not to take the tax money, again.
I didn't see it in the article, but doesn't Ireland have comically low tax rates to start with?
Yes, that is why many big tech companies have their european hq there.
And you could say they are pretty lenient with enforcing GDPR & co (they don't do fuck if not forced).
Ireland really seems corrupt as fuck when it comes to Facebook, Apple and I think Google.
Still a drop in the bucket, but these are fine numbers I can get behind
Imagine if the EU fined Ireland like it fines US mega corporations when they've been deemed to break the law. 4% of global turnover for GDPR breaches for example. If the EU wants to take tax avoidance seriously it would fine Ireland 4% of their GDP until they shut these schemes down.
But it doesn't. This is simply a charade.