Apple told to pay Ireland €13bn in tax by EU

girlfreddy@lemmy.ca to World News@lemmy.world – 269 points – Apple told to pay Ireland €13bn in tax by EU
bbc.com

Apple has been ordered to pay Ireland €13bn (£11bn; $14bn) in unpaid taxes by Europe's top court, putting an end to an eight-year row.

The European Commission accused Ireland of giving Apple illegal tax advantages in 2016, but Ireland has consistently argued against the need for the tax to be paid.

The Irish government said it would respect the ruling.

Apple said it was disappointed with the decision and accused the European Commission of "trying to retroactively change the rules".

A separate European Court of Justice (ECJ) ruling on Tuesday also brought a long-running case with Google to a close, with the company ordered to pay a €2.4bn (£2bn) fine for market dominance abuse.

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Strikes me as fishy that the finance ministry went to court with Apple to say 'no don't pay tax'.

If they don't want the tax, have the cheque made out to the EU.

Ireland's whole shtick is low corporate taxes which has lead to boom times in recent years. Makes sense they would want to uphold that reputation, but well played to them as this decision makes it a win-win. I guess they must take these taxes now, awww shucks.

That’s 13 thousand million dollars. Unpaid tax. Let that number sink in.

Could give 2,500 to every citizen. Better yet give it all to people in the middle class who ae working but camt get a home.

11 more...

Thats a rounding error for them.

$13B is 7% of Apple's annual profit in 2022. Not a rounding error. Somebody has to settle for golden yachts instead of platinum next year.

This row stretches back 8 years, that person already sailed into the sunset on a platinum yatch. This year's execs will get double platinum yatchs for finally putting this matter to rest.

Looks like those pots of gold are gonna be putting on some weight soon.