Teeqoz on 30 August 2016
| LurkerJ said: So the EU is coming after tax havens now? The EU was happy as a clam with the arrangement for 20 years. They ran into financial problems and went looking for cash. The "rules" should've been enforced years ago, but I guess if they did it years ago they wouldn't have been able to ask for 10+ billions and Apple (+google+MS) would've taken their business elsewhere. This does seem like the old "bait and switch" with Ireland promising tax relief for jobs and then the EU coming in YEARS later and saying, "Wait a minute Ireland - You cannot do that!" Anyhow, This will be in the courts on for at least a decade. Both Apple and Ireland have already announced appeals. |
Better late than never. This will also set a precedent that will make it much harder for the EU to ignore these cases in the future. Ireland has been giving Apple a huge competetive edge by giving them special tax rules that are different from the other companies in Ireland. Too bad for them if their shady deals in the past get consequences now.
