EU Prosecutes Ireland For Not Collecting Enough Taxes

Oct 9, 2017

The European Union plans to sue Ireland for not acting as a tax collector for the EU. The European Commission ruled a year ago that Apple failed to pay 13 billion euros in taxes. The commission said, “Dublin hasn’t even sought a portion of the total.” “We of course understand that recovery in certain cases may be more complex than in others, and we are always ready to assist. But member states need to make sufficient progress to restore competition.” The EU says that the Apple’s deal with Ireland is “illicit” and that the company has not paid much in corporate tax in more than a decade. Ireland’s Finance Minister Michael Noonan responded saying, “I disagree profoundly with the Commission’s decision.” He went on to say that Ireland will “defend the integrity of our tax system.” Apple is appealing the Commission’s tax assessment. The EU is also expected to issue a levy against Amazon for underpayment of taxes. Amazon has a tax arrangement with Luxembourg.