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As Ireland are still saying, this €13bn (plus interest) is going to work against them. It's supposed to work against them, as a chilling effect for any company
by oliwarner 2y ago
As Ireland are still saying, this €13bn (plus interest) is going to work against them.
It's supposed to work against them, as a chilling effect for any company trying to work EU states against each other for preferential treatment. I'm sure Ireland will argue that they'll offer any multi-billion multinational this sort of treatment, but that's really the point. The EU doesn't want a race to the bottom and if EU-local businesses are unable to leverage this sort of accounting break, it's a massive leg up for external businesses.
While this is a large lump, this fine covers a decade of accounts, and this final decision comes 32 quarters after the original fine. Each of those quarters could have paid this off from flat profit. They're doing okay.
- tankenmate 2y agoWhile I largely agree, I don't think there is any fine involved; it is just a requirement for Ireland to collect taxes that the ECJ says Apple should have paid. Hence not a fine.
- oliwarner 2y agoYou're right, of course, but Apple and Ireland won't see it that way ;)