Comment: Trump’s promised repatriated earnings deal could help AAPL’s case against Irish tax ruling

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Comment: Trump’s promised repatriated earnings deal could help AAPL’s case against Irish tax ruling

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<p>Apple has <a href="https://9to5mac.com/2016/12/19/apple-to-appeal-13-billion-euro-eu-tax-ruling-this-week-says-company-was-targeted-to-generate-lots-of-headlines/" target="_blank">finally launched[/url] its legal challenge to an EU ruling that it must pay an <a href="https://9to5mac.com/2016/08/30/eu-regulators-order-ireland-to-recover-13-billion-euros-in-illegal-irish-tax-benefits-from-apple/" target="_blank">additional €13B[/url] ($14B) in tax after a special tax deal offered by the Irish government was found to be illegal. The Irish government had already submitted <a href="https://9to5mac.com/2016/11/09/irish-government-apple-tax-appeal/" target="_blank">its own appeal[/url] against the ruling, stating <a href="https://www.thestreet.com/story/13930379/1/ireland-fights-back-against-apple-tax-ruling.html" target="_blank">today[/url] that ‘Ireland did not give favourably tax treatment to Apple- the full amount was paid in this case and no state aid was provided.’</p>
<p>On the face it, the EU case is a strong one. The deal with the Irish government – detailed in a <a href="https://www.bloomberg.com/news/articles/2016-12-16/the-inside-story-of-apple-s-14-billion-tax-bill" target="_blank">Bloomberg[/url] analysis – meant that the vast majority of Apple’s taxes were assigned to a ‘head office’ that wasn’t tax resident anywhere in the world, and which therefore paid no taxes at all. This is how, according to the EU case, Apple effectively paid as little as 0.005% tax on billions of dollars of European sales …</p>
<p> <a href="https://9to5mac.com/2016/12/19/opinion-aapl-apple-irish-tax-trump/#more-459380" class="more-link">more…[/url]</p>
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Source: Comment: Trump’s promised repatriated earnings deal could help AAPL’s case against Irish tax ruling