“Ireland’s government will this week formally submit its appeal against the European Commission’s multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday,” Padraic Halpin reports for Reuters.
“Dublin is seeking to protect a tax regime that has attracted many multinational employers,” Halpin reports. “The European Commission decision has also angered Washington, which accuses it of trying to grab tax revenue that should go to the United States.”
“‘The government fundamentally disagrees with the European Commission’s analysis and the decision left no choice but to take an appeal to the European Courts and this will be submitted tomorrow,’ Noonan told a European Parliament committee in Brussels,” Halpin reports.
Read more in the full article here.
MacDailyNews Take: Until this total political crap is properly settled:
Anyone who decides to set up a business in a European Union member country today is insane. — MacDailyNews, August 30, 2016
SEE ALSO:
Ireland’s Finance Minister Noonan: Apple tax appeal may take four years, maybe more – September 23, 2016
Apple’s EU tax nemesis Margrethe Vestager takes aim at other U.S. companies’ offshore profits – September 19, 2016
The ‘Brexit-Apple’ connection: What in the world was Margrethe Vestager thinking? – September 12, 2016
EU ministers line up to take tax bites out of Apple – September 12, 2016
Former EU competition commissioner: Vestager claim that Apple owes back taxes an incorrect use of EU law – September 2, 2016
Irish government to fight EU on Apple tax – September 2, 2016
Treasury accuses EU of trying to steal U.S. tax revenues with Apple decision – September 1, 2016
Irish residents opposed to EU’s tax demand of Apple – September 1, 2016
Apple Inc. pushes back against EU tax grab – September 1, 2016
Apple may repatriate billions of dollars next year after new U.S. President takes office – September 1, 2016
U.S. tax code allows for dramatic retaliation against EU overreach in Apple case – September 1, 2016
Apple CEO Tim Cook on EU tax demand: ‘No one did anything wrong here and Ireland is being picked on… It is total political crap’ – September 1, 2016
U.S. Treasury: The European Commission’s retroactive tax demands on Apple are unfair – August 30, 2016
EU demands Apple pay massive $14.5 billion in taxes plus interest – August 30, 2016
U.S. government warns EU: Do not hit Apple with a massive back tax bill – or else – August 25, 2016
I love the retroactive taxes bit in the EU ruling. Oh sure, that makes for an enticing stable business environment.
This is not an unexpected step in a long process that will take years no doubt. Thanks MDN for the update.
Oh and you can relax about “anyone who decides to set up a business in a European Union member country today is insane.” as there just happens to be a large group of such insane types across the ocean.
A lot less insane people in Europe than the crazy USA. BTW do you yanks realise just how stupid you look in the rest of the world with your election antics. Good luck with whoever you vote for. You’re going to need it.
Yes, most of us feel embarrassed by the current election cycle. Perhaps this is exactly what we needed to come to the realization that our political process is well and truly screwed up and we have no one to blame but ourselves.
Once the UK finally extracts itself from the corrupt EU, Apple should set up shop here and move away from Ireland. 🇬🇧