Government braces for EC ruling on Apple tax affairs
29 August 2016 | 0
The European Commission is expected to issue a ruling this week regarding Apple’s tax affairs in Ireland – a decision that could net millions in back taxes for the State and damage its reputation with multinational companies.
The decision would mark the end of an investigation that began in October 2014 to ascertain whether successive governments maintained a ‘sweetheart deal’ with Apple to keep its operation in Ireland. Such a deal would be considered illegal state aid under EU law and would require the California tech giant to pay 10 years in back taxes.
According to a report in the Irish Times a worst case scenario would put Apple on the hook for as much as €19 billion but the exact amount would be calculated by the Revenue Commissioners according to a formula suggested by the Commission.
The Government will appeal a negative finding.
Apple employs 5,000 in Ireland with expansion plans to include a new data centre in Athenry.
A detailed analysis of Apple from columnist Billy MacInnes situation is available here.