Apple has been dealt a blow in its €14.3 billion tax dispute with Brussels after an adviser to the EU’s top court said an earlier ruling over its business in Ireland should be shelved.
Ireland collected €14.3 billion in contested back taxes and interest from the company in 2018—funds that have since been held in an escrow account as the legal process continues.
The opinion shines a light on Ireland’s long-held policy of keeping corporation tax low as a driver of investment.
Any ECJ ruling in favor of paying the money to the Irish exchequer is likely to prompt calls from other EU states and the US to claim part of any payment, Regan said.
The Apple case is part of a wider clampdown launched by Brussels in 2013 against alleged sweetheart tax deals in member states.
Brussels is appealing against a General Court decision overturning an order for Amazon to pay back taxes in Luxembourg.
The original article contains 694 words, the summary contains 156 words. Saved 78%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Apple has been dealt a blow in its €14.3 billion tax dispute with Brussels after an adviser to the EU’s top court said an earlier ruling over its business in Ireland should be shelved.
Ireland collected €14.3 billion in contested back taxes and interest from the company in 2018—funds that have since been held in an escrow account as the legal process continues.
The opinion shines a light on Ireland’s long-held policy of keeping corporation tax low as a driver of investment.
Any ECJ ruling in favor of paying the money to the Irish exchequer is likely to prompt calls from other EU states and the US to claim part of any payment, Regan said.
The Apple case is part of a wider clampdown launched by Brussels in 2013 against alleged sweetheart tax deals in member states.
Brussels is appealing against a General Court decision overturning an order for Amazon to pay back taxes in Luxembourg.
The original article contains 694 words, the summary contains 156 words. Saved 78%. I’m a bot and I’m open source!