The European Commission ruled yesterday that Ireland’s deal with Apple was a good deal too sweet for Apple (and thus sour for Ireland and the Irish people).
… Read the restIreland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled.
After a three-year investigation, it has concluded that the US firm’s Irish tax benefits are illegal.
The Commission said Ireland enabled the company to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than 1%.
“Member states cannot give tax benefits to selected companies – this is illegal under EU state aid rules,” said Commissioner Margrethe Vestager.
“The Commission’s investigation concluded that Ireland granted illegal tax benefits to Apple,