News

Wed, 15 Jul, 2020
Irish Government wins Apple ruling


The Irish Government has won it's appeal in the European Court, against the €13 Billion Apple tax case.

In 2016, the EC (European Commission) ruled that Ireland was owed €13.1 Billion in unpaid taxes from Apple.
The taxes covered an 11 year period between 2003 and 2014.
An additional €1.2 Billion in interest was also owed.

The case itself dates back to 2013, when Apple CEO Tim Cooke appeared before a US Senate Committee and the company was accused of setting up 'ghost companies' in countries where they could avoid paying tax.
Ireland was named a 'tax haven' at the time by US Senators.

The EC has ruled that Revenue had allowed for substantially lower rates of tax to be paid by Apple in the period involved - which amounted to illegal State aid.
As a result, the EC said, Apple only paid an effective corporate tax rate that declined from 1% in 2003 to 0.005% in 2014 on the profits of Apple Sales International.

Both Apple and the Irish Government appealed the ruling to the European Courts.
The €14.3 Billion concerned has been lying in an escrow (holding) account since 2018.

The cost of the Irish Government fighting the EC ruling has cost the state over €4 Million.





Tags: Apple   Irish Government