“Ireland is being sued by the European Union authorities for failing to collect a year-old bill of as much as 13 billion euros ($15.3 billion) from Apple Inc. in a move that risks escalating tensions over the nation’s tax policies,” Dara Doyle reports for Bloomberg.
“The European Commission on Wednesday referred Ireland to the European Court of Justice for failing to recoup the Apple bill, which was first reported by Bloomberg News Monday,” Doyle reports. “The money, which was initially due by Jan. 3, won’t be collected for another six months at least, the EU said. ‘We of course understand that recovery in certain cases may be more complex than in others, and we are always ready to assist,’ EU Competition Commissioner Margrethe Vestager said in an emailed statement. ‘But member states need to make sufficient progress to restore competition.'”
“While Apple and Ireland are appealing the decision, the country is still facing European pressure over its resistance to a new set of rules for taxing tech companies,” Doyle reports. “‘The work on the establishment of the fund to deal with the unprecedented recovery amount will continue, notwithstanding the fact that the commission has taken this wholly unnecessary step,’ the Irish finance ministry said in an emailed statement.”
Read more in the full article here.
MacDailyNews Take: The dunce Vestager is out of her depth.
Is Ireland its own country or merely a vassal state to a quasi-governmental political confederation that’s already been hit with one very significant defection?
The EU’s retroactive tax grab is a farce.
Anyone who decides to set up a business in a European Union member country today is insane. — MacDailyNews, August 30, 2016
SEE ALSO:
Ireland opposes EU’s 13 billion euro Apple tax grab, calls it unjustified – August 17, 2017
Apple close to deal protecting Ireland in fight over EU tax grab – August 11, 2017
Ireland seeks custodian for Apple $15.2 billion in back taxes as collection nears – July 22, 2017
EU Commissioner Vestager: Ireland ‘taking too long’ to recover Apple tax – May 19, 2017
EU’s hypocritical Margrethe Vestager going after Apple while backing Madeira tax avoidance scheme – February 14, 2017
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