Irish govt rejects €13bn in #Appletax despite massive bailout debt, public vent fury online
BREAKING: @EU_Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. News conference due in 20 mins— Tony Connelly (@tconnellyRTE) August 30, 2016
The EU Commission ruled that Ireland granted “undue tax benefits” to Apple to the tune of a whopping €13 billion. Ireland also gives low-rate tax benefits to other US multinational tech companies including Facebook, Google, Twitter and LinkedIn.
Irish tax rulings to Apple are illegal state aid. Effective taxation as low as 0,005 pct. #Apple has to repay up to €13 billion unpaid tax.— Margrethe Vestager (@vestager) August 30, 2016
Based on a population of 4,595,000, that's about €2,800 each. I'd take cheque or cash. #AppleTax— Jonathan Healy (@jonathanhealy) August 30, 2016
Ireland's national debt stands at an estimated €185bn. But rather than rejoice in their belated tax windfall, the Irish government (a coalition of the Fine Gael party and independent politicians) are planning to appeal the EU’s order that Ireland demand the back-taxes from Apple.
“Following discussion with the Taoiseach, the Minister for Finance will now seek Cabinet approval to appeal the Commission decision to the European Courts,” Finance Minister Michael Noonan said in a statement.
“Ireland has a period of two months and 10 days to bring an appeal. The Government will now study the decision of the European Commission in consultation with its legal advisors to prepare the grounds for an appeal.”
Irish FinMin Minister Noonan disagrees profoundly with the Commission on Apple | FULL RELEASE: https://t.co/HQWsuJrMh3— Paul Blake (@PaulNBlake) August 30, 2016
You might think Ireland would like the extra tax haul, but Minister for Finance Michael Noonan has vowed to appeal the ruling. #AppleTax— Darragh Peter Murphy (@DarraghPMurphy) August 30, 2016
Ireland to appeal #AppleTax ruling: Finally! Someone looking out for interests of richest, most powerful multinational corporation on Earth.— Simon McKeagney (@SiMcKeag) August 30, 2016
The decision to appeal is prompted by concerns that making the tech giant pay the tax rates levied on other businesses would negatively impact their decision to base their headquarters in Ireland - where they employ thousands of people.
However in a country that is still in the throes of austerity policies, a housing crisis, and a spike in homelessness and poverty, many are seething at the government’s response to the EU’s Apple tax ruling.
How will the government explain to the people of Ireland that they don't want €13bn when there's a health and housing crisis? #AppleTax— Jennifer Bray (@Jennifer_Bray) August 30, 2016
A Finance Department spokesman had “no comment” on how much they expect the appeal to cost, however earlier this year the government had already spent €667,000 defending its position and the appeal process could drag on for “five or six years”, reports the Irish Independent.
Gosh, how will Apple pay that tax bill?— paul bassett davies (@thewritertype) August 30, 2016
*Shakes head sadly, upgrades iPad, repairs iPhone, buys new MacBook in order to run latest software*