• Home
  • News
  • Reviews
  • Digital technology
  • Cloud
  • Data analytics
  • Digital leaders
  • IoT
  • Opinion
  • Events
  • Resources
  • Data Strategy Spotlight
  • Newsletters
  • Sign in
  • Events
    • Follow V3 Events

      Sign up to receive email alerts about our events

      Sign up
  • Resources
    • V3resources 120x194
      Network Security Forensics For GDPR Compliance

      An effective network security forensics strategy can assist an organization in providing key compliance-related details as part of any post-incident GDPR investigation.

      Download
      V3resources 120x194
      10 ways to increase productivity with managed Office 365

      For businesses large and small, relying on a cloud-based collaboration and productivity suite such as Microsoft Office 365 is becoming the norm. Enhancing productivity in your organisation is vital to get ahead in 2017 - and using Office 365 can help, if it's used right...

      Download
      Find resources
      Search by title or subject area
      View all resources
  • Data Strategy Spotlight
  • Sign in
  •  
    •  

      You are currently accessing V3 .co.uk via your Enterprise account.

      Personalise your on site experience

      Download and use the apps

      Access your subscription from outside of the office

      Get relevant news and insight straight to your inbox

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • Newsletters
    • Facebook
    • YouTube
  • Register
  • News
  • Reviews
  • Digital technology
  • Cloud
  • Data analytics
  • Digital leaders
  • IoT
  • Opinion
 
  •  

    You are currently accessing V3 .co.uk via your Enterprise account.

    Personalise your on site experience

    Download and use the apps

    Access your subscription from outside of the office

    Get relevant news and insight straight to your inbox

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
V3.co.uk
  • Law

Apple and Ireland tax deal questioned by EU report

Deal first agreed in 1991 was not reviewed until 2007

Apple logo
Apple's tax arrangements in Ireland have come under scrutiny
  • Dan Worth
  • Dan Worth
  • @danworthV3
  • 30 September 2014
  • Tweet  
  • Facebook  
  •  
  •  
  • Send to  
0 Comments

The European Commission (EC) has released its report into tax deals between Apple and the Irish government, accusing the two of effectively having a ‘sweetheart’ deal.

The EC released the report having originally announced its investigation in June, when it set out to establish whether the Irish authorities have provided too favourable a regime to Apple, effectively amounting to state aid.

The report details how the Irish government is alleged to have set a tax threshold for Apple has far back as 1991, which was only reviewed again in 2007. This huge timeframe is far beyond the EU average of 3-5 years.

“The Commission is of the opinion that through those rulings the Irish authorities confer an advantage on Apple. That advantage is obtained every year and ongoing, when the annual tax liability is agreed upon by the tax authorities in view of that ruling.”

The EC report also noted that "all unlawful aid may be recovered from the recipient" which would mean Apple may have to back the 'state aid' it received from Ireland, which would run into the hundreds of millions.

The Irish government has denied any wrongdoing and said it is confident it can prove its actions were legal.

"Ireland welcomed that opportunity to clarify important issues about the applicable tax law in this case and to explain that the company concerned did not receive selective treatment and was taxed fully in accordance with the law," it said in a statement.

Apple denied any wrongdoing and said its tax payments had increased in line the success of the company since 2007.

"Apple has received no selective treatment from Irish officials over the years. We're subject to the same tax laws as the countless other companies who do business in Ireland," it said in a statement.

"Since the iPhone launched in 2007, our tax payments in Ireland and around the world have increased tenfold. To continue that growth and the benefits it brings to the communities where we work and live, we believe comprehensive corporate tax reform is badly needed."

The EU also asked Google to redraft its search concessions earlier in September for the fourth time, in an effort to curb its market dominance.

  • Tweet  
  • Facebook  
  •  
  •  
  • Send to  
  • Topics
  • Law
  • Government
  • Finance
  • Apple
  • iOS
  • Europe

V3 Latest

TSMC starts high volume production of 7nm chips
TSMC starts high volume production of 7nm chips

Claims to have "the most competitive logic density" in the industry

  • Components
  • 25 April 2018
Dell unveils Precision 5530 2-in-1 mobile workstation with Radeon Pro WX Vega M GL graphics
Dell unveils Precision 5530 2-in-1 mobile workstation with Radeon Pro WX Vega M GL graphics

Dell's high-end mobile workstations upgraded with Intel Coffee Lake CPUs

  • Hardware
  • 25 April 2018
Europol coordinates close down of 'world's biggest' DDoS-for-hire service
Europol coordinates close down of 'world's biggest' DDoS-for-hire service

Webstresser admins were also arrested in the UK, Croatia, Canada and Serbia

  • Security
  • 25 April 2018
Almost 90 per cent of UK websites suffer from 'serious' security flaws
Almost 90 per cent of UK websites suffer from 'serious' security flaws

Security firm claims that 117,638 sites out of 135,035 analysed contain serious security flaws

  • Security
  • 25 April 2018
Back to Top

Most read

Oracle: Java SE 8 business users must buy a licence from January next year
Oracle: Java SE 8 business users must buy a licence from January next year
AI could improve global stability from around 2040, claims US thinktank RAND Corporation
AI could improve global stability from around 2040, claims US thinktank RAND Corporation
How NoSQL database technology and IoT sensors are being put to work saving endangered elephants and tigers
How NoSQL database technology and IoT sensors are being put to work saving endangered elephants and tigers
British security start-up launches lip-sync authentication technology
British security start-up launches lip-sync authentication technology
Almost 90 per cent of UK websites suffer from 'serious' security flaws
Almost 90 per cent of UK websites suffer from 'serious' security flaws
  • Contact
  • Marketing solutions
  • Enterprise IT Events
  • About
  • Terms & conditions
  • Privacy policy
  • RSS
  • Twitter
  • Newsletters
  • Facebook
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017