Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

November 9, 2016 12:00 am

Ireland Will Bring the Fight Over Apple Taxes To the EU Court

An anonymous reader quotes a report from Digital Trends: The tax debate between Apple, Ireland, and the European Union may escalate in the next few months. According to recent reports, the Irish Finance Minister, Michael Noonan, will bring the debate to the EU court, a move that could trigger a years-long court battle. The battle stems from a European Commission finding that Ireland had been giving Apple tax breaks, something that has attracted a number of multinational employers to Ireland. The EU, however, has ordered the practices to change. After a three-year probe into Ireland's relationship with Apple, the European Commission ordered Ireland to collect $14.5 billion in back taxes from the company. That is the largest state-aid payback demand in history. The decision has been the subject of criticism, particularly from this side of the Atlantic. The U.S. Treasury Department says the decision is a threat "to undermine foreign investment, the business climate in Europe, and the important spirit of economic partnership between the U.S. and the EU." Apple has also vowed to fight against the EU decision, and those appeals will follow the ones already pending in Luxembourg, where the EU is headquartered. Those pending appeals include cases against Starbucks.

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot