2 ms·
> Ireland failed to collect the correct amount of money owed to the EC Just for your info this isn't what happened, it's Ireland's tax money. The EC doesn't co
by coriny 10y ago
> Ireland failed to collect the correct amount of money owed to the EC
Just for your info this isn't what happened, it's Ireland's tax money. The EC doesn't collect taxes. Instead the EC ruled that Ireland was providing illegal state aid (under EU rules) to Apple through its tax arrangements. So this loophole was nullified and Apple have to pay the back taxes to Ireland. The EU gets nothing (the EC is the executive body of the EU).
This investigation into dodgy corporate tax deals has nothing to do with Brexit (note that this is about Ireland, not the UK), and it's been going on for most of a decade now.
- cwisecarver 10y agoThanks for the info!