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The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014.
Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back taxes to Ireland, as part of a ...
Ireland had fought the EU back-tax bill alongside Apple since 2016, seeking to defend its position as the location of choice for U.S. multinationals in Europe - and the billions of euros in direct ...
Last year, the European Commission ruled that Apple's sweetheart tax deal with Ireland was illegal and that the company owed around $14.5 billion in back taxes. But Ireland was rather slow to ...
The U.S. administration condemned Apple's Irish tax structures in the 2013 Levin–McCain PSI, [59] [60] [61] however, it came to Apple's defense when the EU Commission levied a €13 billion fine on Apple for Irish tax avoidance from 2004 to 2014, the largest corporate tax fine in history, arguing that Apple paying the full 12.5% Irish ...
Apple lost its fight to reverse a decision by the European Union that it owes €13 billion ($14.3 billion) in back taxes to Ireland. The EU’s top court, the European Court of Justice, confirmed ...
The EU have proposed the DST should be a 3% tax on revenues which would translate into an effective 10–15% tax rate (using pre-tax margins of 20–30% for Apple, Google and Microsoft); it is also expensible against national tax, and so the DST would reduce net Irish tax (e.g. Google Ireland would offset its DST against Irish CT).
The Apple issue also weighs on Ireland’s mind. The Financial Times reported that other European countries with an interest in Apple may stake a claim to the tax judgment brought by the EU.