Read MoreThe EU’s competition commissioner may have lost in the tax courts. But she is right to pursue Apple et al via other channels
Apple’s legal victory over Brussels last week appeared at first glance to give every international company seeking out Europe’s lowest corporate tax rates a considerable boost.
Officials at the European commission, the EU’s executive arm, claimed that the tech giant had saved more than €13bn (£11.8bn) over 10 years after signing a sweetheart tax deal with Dublin in what was claimed to be a clear breach of state aid rules. The second-highest court in the EU disagreed, saying that Ireland had played a straight bat in its dealings with Apple and ticked every technical box to get the deal through.
Continue reading…The EU’s competition commissioner may have lost in the tax courts. But she is right to pursue Apple et al via other channelsApple’s legal victory over Brussels last week appeared at first glance to give every international company seeking out Europe’s lowest corporate tax rates a considerable boost.Officials at the European commission, the EU’s executive arm, claimed that the tech giant had saved more than €13bn (£11.8bn) over 10 years after signing a sweetheart tax deal with Dublin in what was claimed to be a clear breach of state aid rules. The second-highest court in the EU disagreed, saying that Ireland had played a straight bat in its dealings with Apple and ticked every technical box to get the deal through. Continue reading…