Apple’s tax win might bring long term pain

Stefan Mileschin · 17th July 2020, 10:14

EU is not going to take this lying down

Apple’s win against a EU fine might bring more long term doom for Ireland and Jobs’ Mob.

The Tame Apple Press has been over the moon after an EU Appeals court threw out an EU fine against Apple for not paying any tax in Ireland under a dodgy deal done to promote jobs in the region.

The EU might still appeal the ruling at the European Court of Justice, but that is not the worst thing that could happen as a result of this win.

The EU has been mulling a crackdown on regulations as big US tech have been exploiting loopholes in tax rules. Now the feeling is that the Digital Services Act to tighten regulations must be fast tracked. Otherwise US technology companies will continue to pay no tax and kill off European rivals

The decision is not universally popular in Ireland either as the country is desperate for cash to fight off the economic damage caused by the Corona Virus.
https://fudzilla.com/news/51188-appl...long-term-pain

17th July 2020, 10:14	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Apple’s tax win might bring long term pain EU is not going to take this lying down Apple’s win against a EU fine might bring more long term doom for Ireland and Jobs’ Mob. The Tame Apple Press has been over the moon after an EU Appeals court threw out an EU fine against Apple for not paying any tax in Ireland under a dodgy deal done to promote jobs in the region. The EU might still appeal the ruling at the European Court of Justice, but that is not the worst thing that could happen as a result of this win. The EU has been mulling a crackdown on regulations as big US tech have been exploiting loopholes in tax rules. Now the feeling is that the Digital Services Act to tighten regulations must be fast tracked. Otherwise US technology companies will continue to pay no tax and kill off European rivals The decision is not universally popular in Ireland either as the country is desperate for cash to fight off the economic damage caused by the Corona Virus. https://fudzilla.com/news/51188-appl...long-term-pain

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