Apple will pay 13,000 million euros in taxes to Ireland, but the country does not want the money - CYDIAPLUS.com

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Thursday, 7 December 2017

Apple will pay 13,000 million euros in taxes to Ireland, but the country does not want the money



Apple is news this day and not only for Apple's autonomous cars , but for monetary reasons. The debt of Apple with Ireland reaches 13,000 million euros. The taxes of Apple that they owe to the treasury of Ireland arrive at the 13,000 million Euros, but this country does not want to accept the money. The Irish Government is turning to the decision of the European Commission, as it considers it detrimental to its tax strategy. Apple has already agreed to pay, but is working with Ireland to reverse the outcome of the process.

Apple taxes with Ireland amount to 13,000 million euros

Apple agreed with the European Union a payment plan for the amount that the agency says is pending to Ireland for taxes not charged to the company required by the illegal aid granted by Dublin. The value, which reaches 13,000 million euros, was retained by the American giant with the help of tax shelters and offshore. The technology giant has tried to reach an agreement with the Government of Ireland to start paying the multimillion-dollar sum from the first quarter of 2018.

The refund of the money was determined by the EU in 2016, but Ireland remained reluctant to collect the amount, since the country applies reduced taxes to companies to attract foreign investment. These conditions, which translate into tax contributions of just 0.005% on all the European benefits of a certain business, led companies like Apple to look at that territory as a way to escape to more demanding financial regimes. Tim Cook already made himself heard with respect to this decision and nicknamed the community decision as a "total political crap".

Due to the Irish "inertia", the EU appealed to the Court of Justice of the European Union (CJEU) to force the local government to collect the taxes owed to it. As a result, Paschal Donohoe, Ireland's current finance minister, has already publicly stated that the country expects to start receiving the money as of the first quarter of 2018.


Despite the agreement, both Apple and the Irish Government resort to the Community decision. "We have a team working diligently and quickly with Ireland [in this process]," Apple writes in a statement to The Wall Street Journal. In conclusion, Cupertino's technology also affirms that "it has confidence" in the reversal of the decision of the European Commission, thus "that all the tests are analyzed".

In turn, the ruling was a reprimand for the Irish government, as it made it clear that the tax benefits granted by the local government to the apple giant were against Community legislation.

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