Ireland: Government's appeal over Apple tax 'will deny Ireland €14 billion' - PressFrom - United Kingdom
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IrelandGovernment's appeal over Apple tax 'will deny Ireland €14 billion'

15:15  18 september  2019
15:15  18 september  2019 Source:   msn.com

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The government has already spent over € 7 million in legal fees and other costs preparing the case.

The tax incentives offered by the Irish government to attract investment by large companies have been the subject of great interest for some time. The € 13 billion is a record-setting tax bill, and Apple is understandably keen on avoiding paying it if at all possible -- despite having very deep pockets.

Government's appeal over Apple tax 'will deny Ireland €14 billion' © PA

The Government is set to lose Ireland €14 billion worth of investment, a Sinn Fein TD has claimed.

Finance spokesman Pearse Doherty said yesterday’s Apple tax appeal at the EU’s General Court will deprive the State of “a windfall”.

He was speaking following the EU Commission’s 2016 ruling that the US multinational owed Revenue €14.3billion, having received preferential treatment since 1991.

Mr Doherty said: “Today the Government begins its appeal while €14.3billion sits in an escrow account that could be used to benefit Irish citizens for decades.

Government's appeal over Apple tax 'will deny Ireland €14 billion' © Liam McBurney/PA Wire Sinn Fein TD Pearse Doherty

“Instead, the Government is prioritising the interests of Apple and international finance.

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Apple challenged a $ 14 billion tax charge from the European Commission in the EU' s second-highest court on Tuesday, escalating the landmark tax fight between the iPhone maker and EU Both the Irish government and Apple have appealed the order, with CEO Tim Cook dubbing it "total political crap."

Topline: Apple and the Irish government will this week appeal an European Commission ruling that the Cupertino-based tech giant saved $ 14 .3 billion in Apple claims it is the largest taxpayer in the world and has denied wrongdoing while Vestager and the EU argue that Ireland ’ s favouritism allowed the

“So far the Government has paid more than €7million in legal and consultant fees to ensure the Irish people cannot benefit from the €14.3billion in tax owed by Apple.

“These are resources that could be used to tackle climate change, transform our public services and upgrade our industrial strategy which for too long has prioritised foreign multinationals.

“Instead, the Government will mimic the attitude of Boris Johnson towards the EU, all to satisfy the interests of Apple and deny Ireland a windfall in investment.”

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Ireland and Apple take €13bn tax bill fight to court.
Ireland and Apple take €13bn tax bill fight to court

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