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I guess it's within the power of legislation that the wrongly calculated taxes are now corrected.
by tomschwiha 2y ago
I guess it's within the power of legislation that the wrongly calculated taxes are now corrected.
- techpression 2y agoSure, but Ireland doesn’t get the money, the EU does, so it’s not actually correcting the taxes but rather redistribute them, which seems like a bit of totalitarian approach to regulation. Ireland did not want the money back.
- scandox 2y agoIreland gets the money. The EU is making Apple pay us. And yes we didn't want it - mainly for reputational reasons and partly because our argument was "we never done it".
- techpression 2y agoI stand corrected then, thanks. I was under the assumption this is like most legal wins for the EU that it goes into the pot to lower member fees.
- dathinab 2y agooversimplified you can think of it as Ireland is required to collect the taxes it always should have collected (but waved to get a competitive advantage for attracting tech giants and giving them in turn a competitive advantage over EU based competition) as a side note tax benefits to attract companies aren't perse illegal but what Ireland did went far beyond what is healthy/acceptable for the EU