Brussels obliges Apple to return 13 billion for illegal tax aid in Ireland

-

Brussels obliges Apple to return 13 billion for illegal tax aid in Ireland




The company announces that it will appeal the EU decision



   "For every million euros of profits, Apple paid 50 euros of taxes." With that forceful affirmation of the Commissioner of Competition, Margrethe Vestager, in the press conference that will go down in history as the highest sanction of the European Union to a company.

A total of 13,000 million euros will have to pay Apple to the Irish government for unpaid taxes. A sum 40 times larger than the previous record sanction of Brussels, although it could be reduced, the Commission said in a statement.

   Since 2014, Brussels investigates the Cupertino giant for its fiscal engineering and state aid received between 1991 and 2007.

European officials explain that the Cupertino giant paid in taxes a percentage of 1% on its European sales, far from the 12.5% ​​set by the Dublin government for Corporate Tax.

The Commission considers that two fiscal pacts granted by Ireland to Apple - the first in 1991 and the second in 2007 - have "substantially and artificially reduced the taxes paid by Apple in the country since 1991."

However, the Irish government will have to claim the amount that Brussels calculates that Apple stopped paying between 2003 and 2014 - the aforementioned 13 billion euros - plus an interest, since the Commission can only apply a retroactivity of ten years with respect to the date on which you first requested information about the case (2013).

Apple in a statement has shown its willingness to appeal the decision: "The European Commission has launched a major attempt to rewrite the history of Apple in Europe, ignoring the tax laws of Ireland.

In the same line has been the Irish Minister of Finance, Michael Noonan. "It is important that we send a strong message that Ireland continues as an attractive and stable place, which is necessary to defend the integrity of our tax system, bring fiscal certainty to business and challenge the usurpation of community aid rules in the competition. fiscal of a sovereign member state, "he concludes.

Comments

Post a Comment

Popular posts from this blog

The auditor of Dia detected accounting irregularities of more than 95 million in 2017 and 2018

-
Image
The auditor of Dia detected accounting irregularities of more than 95 million in 2017 and 2018 They affect outstanding bill payments and discounts applied to suppliers, while the company "will reinforce controls"   The current leaders of Dia intend to look to the future, and even do not rule out a possible last-minute agreement with the first shareholder of the distribution group, the Russian tycoon Mikhail Fridman (29%) - at least to negotiate better financial conditions with the creditor bank , and even get a credit from the company that shares with other Russian investors and controls those titles - but they will not be able to stop attending to the past either. And her decision to complain to the prosecutor 's accounts of 2017 can bring tail.   That announcement was made on Friday, after presenting the worst results in its history with losses of 352.6 million euros last year, and was the result of an investigation ( report 'forensic' ) commissione...
Read more

Mercadona and Lidl grow thanks to the decline of Dia engaged in its worst crisis

-
Image
Mercadona and Lidl grow thanks to the decline of Dia engaged in its worst crisis The supermarket chain drops by 0.7% in 2018 to 7.5% market share, despite "not yet accounted for the negative effects of layoffs", explains the head of retail sector of Kantar Worldpanel Mercadona and Lidl grow thanks to the decline of Dia in the year of its worst crisis. The supermarket chain drops by 0.7% in 2018 to 7.5% market share, despite "not yet accounted for the negative effects of layoffs", explains the head of retail sector of Kantar Worldpanel . The Valencian chain Mercadona remains one more year the undisputed leader for Spanish consumers with a market share of 25%. This means that 1 of every 4 euros spent on mass consumption goes to the firm of Juan Roig, which has strengthened its position especially in fresh products, which account for half of what we Spaniards spend in the shopping cart, according to the figures of the report 'Balance of the Distribution...
Read more