Apple denies illegal state aid in Ireland, says it will stay there whatever happens

Called before the European Parliament’s tax committee yesterday to explain its tax arrangements, Apple’s VP of European operations denied that the company received illegal state aid, reports Bloomberg.

“We feel that we’ve paid every cent of tax that is due in Ireland,” Cathy Kearney said at the European Parliament in Brussels. “We don’t feel that there has been state aid involved and I suppose we look forward to that outcome happening at the end of the day and being vindicated in that way. I would say that the Irish government also agrees with that view.”

Kearney also denied suggestions that the special tax deal with the Irish company was the reason it had chosen the country as its European HQ …

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Filed under: AAPL Company Tagged: Apple Ireland, Europe, European Parliament, European Union, Ireland, Tax, tax investigation
Source: 9to5 Mac

Pressure on Apple over European tax affairs ramps up as European Parliament seeks explanations

With a long-running investigation into the legality of Apple’s tax arrangements in Europe not expected to end any time soon, the company will come under additional pressure tomorrow when it is called before the European Parliament’s tax committee.

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Filed under: AAPL Company Tagged: AAPL, Apple, Europe, European Parliament, European Union, Tax, tax investigation
Source: 9to5 Mac

Opinion: Why Apple is likely to end up paying that estimated $8B European back-tax bill – and more

The European Union warned us this week not to expect a speedy conclusion to the long-running investigation into the legality of Apple’s tax arrangements in Europe. The delay follows a decision back in December to expand the scope of the investigation.

But while the wheels of EU tax investigations may grind exceedingly slowly, I’d be willing to wager quite large sums of money on the final outcome. It looks to me increasingly clear that Apple’s tax arrangements with the Irish government are going to be declared illegal, and that Apple is going to be faced with a significant bill for unpaid tax …

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Filed under: Opinion Tagged: AAPL, Apple Inc, Apple tax, Europe, European Commission, European Union, Tax, UK
Source: 9to5 Mac

EU competition chief warns “don’t hold your breath” on $8B investigation into Apple’s tax affairs

European Union competition chief Margrethe Vestager has warned reporters not to expect a quick decision from the investigation into whether or not Apple’s tax arrangements in Europe are legal, reports Bloomberg.

“Don’t hold your breath,” she told reporters in Brussels on Monday about the timing of decisions targeting Apple and online shopping giant Amazon.com Inc, whose tax affairs in Luxembourg are also under intense scrutiny. “I’m just warning you.”

Apple uses Ireland as its European headquarters, funneling most revenue through the country, where it has a special arrangement with the Irish government to pay corporation tax of just 2.5%. The EU believes this arrangement may be illegal for two reasons …

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Filed under: AAPL Company Tagged: AAPL, Apple tax, Apple tax avoidance, Apple tax avoidance claims, Apple tax Europe, Apple tax Ireland, Europe, European Commission, European Union, Margrethe Vestager
Source: 9to5 Mac