Irish FM Criticizes EU Demand For Apple Taxes 


Ireland’s new Finance Minister, Paschal Donohoe, has described the EU’s demand for the collection of up to EUR13bn (15.3bn) in “unpaid” taxes from Apple as unjustified, according to reports.

Donohoe made the comment in an interview with German newspaper Frankfurter Allgemeine. The paper said that Donohoe had explained that the rules applied to Apple were consistent with Irish and European law. He added that the rules were available to all, and that there had been no specific agreement with the company.

The European Commission last year concluded that two tax rulings provided by the Irish Government to Apple had artificially lowered the tax paid by the company, and ordered the recovery of illegal state aid estimated at around EUR13bn, plus interest.

As both Ireland and Apple have appealed the ruling, the Irish Government will place the recovery amount in an escrow fund, and the sums will be released once the European courts have issued their final ruling.

The requirement to collect the funds was also criticized by Donohoe. He was quoted as saying that Ireland is “not the global tax collector for everybody else.”

Source: Tax News – Irish FM Criticizes EU Demand For Apple Taxes

Leave a Comment

Broker Cyprus TopFX