Quote:
Originally Posted by Damien
Apple and the Irish Government will appeal so it will be interesting to see what happens.
I think the interesting issue here though is if this is the EU infringing on the Irish Government's tax affairs or if this is the only way we can get companies to pay tax since there will otherwise always be another country willing to go lower? The agreement they had was an effective tax rate of 0.005% according to the EU.
I also wonder even if Ireland's appeal fails if Apple will be made to pay up if they had a legal agreement with the Irish government or, if the agreement is illegal, if it means it never took effect. Clearly Ireland feel the continued business of Apple and others in Ireland is preferable to any windfall in back taxes.
|
Lawyers will get richer I suspect...