EU brands Apple's tax deal with Ireland 'illegal'

Irish Government officials are on standby to appeal a negative finding in the European Commission's probe into Apple's tax payments in Ireland.

EU brands Apple's tax deal with Ireland 'illegal'

The EU has branded Apple's tax deal with Ireland "illegal".

The ruling from the European Commission which is to be made public in the coming days is expected to put pressure on the Revenue Commissioners here to pursue Apple for back taxes.

However, it is reported that the money would be held in an escrow bank account while appeals are made by both the Irish Government and Apple.

The European Commission considers the tax deal illegal state aid.

Irish Government officials are on standby to appeal the negative finding and Fianna Fáil is ready to back such an appeal, but it remains to be seen if members of the Independent Alliance will follow suit.

The Irish Independent reports that these TDs will be given a special briefing before the ruling is announced.

If the EU rules that Apple was given a "sweetheart deal" the US firm will be required to repay billions in back taxes to the Irish state.

Fiscal rules dictate that a windfall payment would need to be used to repay public debt.

more courts articles

Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman
Coronation Street actor William Roache (91) given three months to settle tax debt Coronation Street actor William Roache (91) given three months to settle tax debt

More in this section

Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
Lord Rothschild death Tony Blair leads tributes on death of financier Rothschild at age 87
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited