Thursday, October 05, 2017

EU takes Ireland to court over $15bn Apple back taxes...

The European Commission has announced that it is taking Ireland to the European Court of Justice, its highest court, over the country’s failure to recover up $15bn (£11.3bn) in back taxes from tech giant Apple.
Back in August 2016, the commission ordered Apple to shell out the unpaid taxes. It ruled at the time that the company had received illegal state aid.
“More than one year after the commission adopted this decision, Ireland has still not recovered the money, also not in part,” EU competition commissioner Margrethe Vestager said on Wednesday.
“We of course understand that recovery in certain cases may be more complex than in others, and we are always ready to assist. But member states need to make sufficient progress to restore competition,” she added. Full story...

Read also: EU orders Amazon to repay $295 million in Luxembourg back taxes...

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