Ireland's Sinn Fein party says it will pursue Apple if company owes back taxes
Ireland's left-leaning Sinn Fein party could hold Apple accountable for taxes owed following a still-ongoing European Commission investigation, according to a party finance spokesman.
The current Irish Prime Minister, Enda Kenny, belongs to the more centrist Fine Gael party, and has promised to fight a Commission ruling if it determines that Ireland extended illegal state aid to Apple.
"It's ridiculous in the extreme for the government to say no matter what the commission find, no matter how stark the evidence may be, that they're going to appeal this," the Sinn Fein spokesman, Pearse Doherty, said to Bloomberg. "This would be tax that would be due from a company that is more wealthy than the entire Irish state."
Doherty insisted however that Sinn Fein has no intentions of raising Ireland's 12.5 percent corporate tax rate, and doesn't want to make any moves that could scare potential investors away from the country.
National elections could take place as soon as next month. While polls suggest that no party will gain a majority, Sinn Fein is poised to double its support to 19 percent. The European Commission isn't expected to issue a ruling until at least March, which could mean an altered political landscape.
Bloomberg Intelligence recently estimated that Apple could owe up to $8 billion in taxes for the years 2004 through 2012. By funneling money through Irish subsidiaries and exploiting loopholes, Apple may have been paying as little as 1.8 percent on many billions in international revenue. The Irish government is only now working to amend its tax system.
The European Commission has already made rulings against Fiat and Starbucks for their tax deals with Luxembourg and the Netherlands, and said that 35 multinational corporations received illegal help from Belgium.
Apple CEO Tim Cook has repeatedly insisted that his company follows the law and pays everything it owes, but this has done little to assuage criticism from politicians at home and abroad.
The current Irish Prime Minister, Enda Kenny, belongs to the more centrist Fine Gael party, and has promised to fight a Commission ruling if it determines that Ireland extended illegal state aid to Apple.
"It's ridiculous in the extreme for the government to say no matter what the commission find, no matter how stark the evidence may be, that they're going to appeal this," the Sinn Fein spokesman, Pearse Doherty, said to Bloomberg. "This would be tax that would be due from a company that is more wealthy than the entire Irish state."
Doherty insisted however that Sinn Fein has no intentions of raising Ireland's 12.5 percent corporate tax rate, and doesn't want to make any moves that could scare potential investors away from the country.
National elections could take place as soon as next month. While polls suggest that no party will gain a majority, Sinn Fein is poised to double its support to 19 percent. The European Commission isn't expected to issue a ruling until at least March, which could mean an altered political landscape.
Bloomberg Intelligence recently estimated that Apple could owe up to $8 billion in taxes for the years 2004 through 2012. By funneling money through Irish subsidiaries and exploiting loopholes, Apple may have been paying as little as 1.8 percent on many billions in international revenue. The Irish government is only now working to amend its tax system.
The European Commission has already made rulings against Fiat and Starbucks for their tax deals with Luxembourg and the Netherlands, and said that 35 multinational corporations received illegal help from Belgium.
Apple CEO Tim Cook has repeatedly insisted that his company follows the law and pays everything it owes, but this has done little to assuage criticism from politicians at home and abroad.
Comments
Apple can never get a break.
If any of the ppl who give Apple shite but use an Apple product - or any product that copies, emulates or steals from Apple - need to be 'persued'.
Mmmmm.
IF and only IF the sweetheart deal Apple which gives Apple a tax lower than the normal corporation tax level had with Ireland is found to be illegal Apple then has to pay back the tax it is then classed as having avoided back to Ireland (from 2004) as it would otherwise be illegal state aid.
SF is just posturing for votes before the election as IF the EU commission rules against Ireland and any appeal fails, it would be irrelevant what any political party says they have to comply.
Because it has nothing to do with tax laws but with allegedly ilegal state aids
However, all taxes that multinational corporations dodge are eventually made up for by increases in taxes and charges levied on consumers.