EU likely to hand Apple Irish tax bill of over 1 bln euro- source
Source: Reuters
DUBLIN, Aug 29 (Reuters) - The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, two source familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes.
The Commission declined to comment on Monday.
The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs. Apple and Ireland rejected the accusation and have both said they will appeal any adverse ruling.
The source said the Commission will recommend a figure in back taxes that it expects to be collected but it will be up to Irish authorities to calculate exactly what is owed.
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Reputationally, the Irish Government will defend their corner.
In a statement, Apple said it will appeal the ruling and is "confident the decision will be overturned".
"The Commission's case is not about how much Apple pays in taxes, it's about which government collects the money."
The Government has said it “disagrees profoundly" with the Commission’s analysis and will immediately appeal any negative outcome to the European Court of Justice.
Minister for Foreign Affairs and Trade Charlie Flanagan has said Ireland did not give any favourable tax treatment to Apple, saying "we don't do deals with corporations".
Speaking on RTÉ's Today with Sean O'Rourke, Mr Flanagan said he and and the Government "disagrees profoundly" with the analysis of the European Commission on the matter.
