The European Court of Justice ruled in favor of the EU Commission's claim that Ireland granted illegal tax breaks to Apple, forcing the tech giant to repay €13 billion. This unexpected outcome leaves the Irish government with a massive windfall it did not want and is unsure how to spend.
The 80-page judgment from Brussels left the Irish government with a massive windfall equivalent to about 14% of total annual public spending.The 80-page judgment from Brussels left the Irish government with a massive windfall equivalent to about 14% of total annual public spending.
The ruling will be scrutinised in corporate headquarters, government offices and tax justice campaigners around the world for possible knock-on effects on other multinationals and taxation systems.which relies on corporate tax receipts from a handful of multinationals to bankroll government spending and budget surpluses. It had been willing to forfeit the $13bn to underpin this system.
However, the Apple ruling addresses a different era. Experts say the tax environment for big tech companies and other multinationals has changed in recent years, including in Ireland.
Apple Tax Dispute European Union Ireland Windfall
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