Monday, September 5, 2016

Apple tax decision is based on facts and regulations: CE – The Economist

It ruled that violated the rule prohibiting the EU member states give advantages to some companies.

A determination of the European Union ( EU) forcing Apple to pay a huge tax charge to Ireland was clearly based on facts and existing regulations and was not a decision against the United States, said President of the European Commission (EC), Jean-Claude Juncker.

last week, the antimonopoly EU regulators ordered Apple to pay up to 13,000 million euros (14,500 million dollars) in taxes to the Irish government after ruling violated the rule prohibiting the EU member states to unfair to some companies advantages.

the CEO of Apple, Tim Cook said last week that the decision was “a total political rubbish”, but France and Germany have expressed support for Brussels after the determination .

Juncker said that investigations into tax EC had been addressed primarily to European companies. “This is not a decision against the United States of America,” said

.

The decision was taken in the context of a coordinated global initiative to prevent tax evasion by multinational companies, led by the Organization for Cooperation and Development (OECD) based in Paris.

on Saturday, in the framework of the G-20, the director of the Center for Policy and Tax Administration of the OECD, Pascal Saint -Amans, called Apple tax planning as “outrageous” but, like Juncker said the decision was based on compliance with current regulations.

Ireland appeal

Meanwhile, the government of Irish coalition announced by the spokesman of the Ministry of Finance, will appeal the decision of the EC on Apple.

“the unanimous decision was made in the cabinet to appeal the decision” told AFP spokesman, clearing doubts about whether the coalition government would be able to agree on this divisive issue.

the Irish Parliament, he had no plans to resume its activities until the end of September, will meet urgently on Wednesday to discuss an issue that threatens Irish politics to attract multinationals with low taxation.

Apple CEO denied having enjoyed some preferential treatment in Ireland, Speaking to the Irish Independent newspaper.

the American company technology also appeal the ruling.

Both resources will not prevent Apple has to do with the payment of the highest amount ever claimed by European authorities in a similar case, although the money will remain in escrow until the case is resolved

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