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EU regulator says Apple should be on hook for €14.3 billion tax bill
(arstechnica.com)
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this post was submitted on 09 Nov 2023
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Apple isn't accused of wrongdoing, Ireland has been accused of unfair tax laws. Unfair for other countries in the EU not unfair for Apple or Ireland. Apple/Ireland are very happy with the tax laws.
It's also worth noting that apple has already handed over the €14.3b - it's just being held onto pending the conclusion of the investigation.
Personally I think it's nuts - they're arguing the money should go to Ireland, which is who they're accusing of breaking the law. So Ireland will potentially get both the proceeds of the crime and be awarded damages for the crime. WTF. Money should be handed out to other countries in the EU.
If this becomes precedent and enforced the whole Irish tax dodging method becomes moot, puting Ireland on par with other EU nations. If this is a high enough fine it will have long term ramifications.
The main issue to me is, big companies will find the next best thing and continue with unethical accounting, outside of the EU.