“This morning I heard an interesting radio report on the European Commission’s long-standing, practically unconditional support of one of Europe’s worst tax avoidance schemes,” Florian Mueller writes for FOSS Patents.
“In light of the Ireland-Apple ‘state aid’ case, it would be bad enough if this merely involved the European Commission as an institution. Large organizations rarely manage to be consistent,” Mueller writes. “But this is a lot worse: the very same commissioner who wants Apple to pay approximately 13 billion euros in additional taxes, Danish socialist-populist Margrethe Vestager, [who] has given her blessings to the extension of the infamous Madeira tax avoidance scheme until 2027.”
“The aforementioned radio report quotes her spokesman, Ricardo Cardoso, as saying that ‘the free trade zone is a job engine for the Madeira region and the Commission is presently not aware of any indication that the related structure is not compliant with [EU state aid] rules.’ That statement is absolutely ridiculous,” Mueller writes. “…The EU has gone from merely failing to have a positive impact on European innovation to causing serious damage, such as by creating legal uncertainty that threatens to dissuade more and more companies from investing here.”
Much more in the full article here.
MacDailyNews Take: Yup.
Margrethe Vestager is a fool who’s in way over her head. — MacDailyNews, September 1, 2016
Now, to be fair, this is only because poor Margrethe is an idiot politician. Go back to Denmark, honey, you’re in over your head – unless your agenda is to destroy the EU from the inside out, in which case: Carry on, you’re doing a hell of a job! — MacDailyNews, September 2, 2016
Anyone who decides to set up a business in a European Union member country today is insane. — MacDailyNews, August 30, 2016
Apple has missed the deadline to pay $13.9 billion to Ireland in illegal tax benefits – January 31, 2017
Apple CFO Maestri: What the EC is doing here is a disgrace for European citizens, it should be ashamed’ – December 19, 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