A
abujagirl
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The European Commission today ruled that Ireland should recover up to €13bn (£11bn) from Apple in back taxes.
BBC reports that the commission concluded that Apple's tax benefits are illegal. The Commission said this enabled it to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than 1%.
Reacting to the ruling, Ireland's finance minister, Michael Noonan, said "I disagree profoundly with the Commission. The decision leaves me with no choice but to seek cabinet approval to appeal. This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation."
BBC reports that the commission concluded that Apple's tax benefits are illegal. The Commission said this enabled it to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than 1%.
Reacting to the ruling, Ireland's finance minister, Michael Noonan, said "I disagree profoundly with the Commission. The decision leaves me with no choice but to seek cabinet approval to appeal. This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation."
