“The U.S. lost a bid to help Apple Inc.’s court fight against the European Union’s order to pay Ireland a record 13 billion euros ($15.3 billion) in unpaid taxes,” Stephanie Bodoni reports for Bloomberg.
“The EU’s highest court rejected the U.S. request, its press service said on Twitter on Thursday,” Bodoni reports. “A lower court in December also dismissed the request, saying the American government failed to show it had a direct interest in the result of the state-aid case.”
“Last year, the U.S. asked the EU court for permission to intervene in Apple’s case, arguing that the outcome of the case could affect its economic situation due to the tax credits the iPhone maker could claim as a result of paying more taxes in Ireland,” Bodoni reports. “The EU’s Apple order has reverberated across the Atlantic, triggering criticism from the U.S. Treasury that the EU was making itself a ‘supra-national tax authority’ that could threaten global tax reform efforts.”
Read more in the full article here.
MacDailyNews Take: The EU grows ever more farcical.
SEE ALSO:
Ireland, Apple appeal over EU tax clawback gets timeframe – April 24, 2018
EU says Ireland’s Apple complaint will only be dropped if it takes the full $16 billion in tax clawbacks – February 27, 2018
Ireland expects final disputed Apple bill remaining around $16 billion – February 22, 2018
EU court rejects U.S. government intervention in Apple’s Irish $15 billion tax case – December 15, 2017
EU sues Ireland over $15.3 billion tax clawback from Apple – October 4, 2017
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
“saying the American government failed to show it had a direct interest in the result of the state-aid case.””
LOL, if Apple is forced to pay 13B euros to Ireland, that money will come out of the $38B Apple is paying to the US Treasury. It’s as direct an interest as you can get! Apple is going to pay somebody, and they’d prefer it be the US Treasury. The US Treasury would also like it to be the US Treasury. Figures the European courts would like it to be Ireland.
The thing is that US never showed any interest for that money until AFTER apple got sued in EU for the taxes. Once it was apparent that Apple may get taxed, US Treasury is showing their interest, but now can’t prove that it was honestly going after it… as it wasn’t.
Wait, what? How do YOU know the US “never showed any interest”? They don’t have to do anything. At the time that Apple earned that income, all of that income was due US taxation, pending repatriation. The US doesn’t have to show overt interest, the interest is implicit.